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Benchmark Report is Coming Back!

OBR 2022 Snapshot

The Operating Benchmark Report survey is coming back! 

This comprehensive survey covers various operating expenses, such as utilities, maintenance, insurance, and taxes. 

The survey opens for participation this month. 

What is the OBR?

The report will give members insights into how their expenses compare to other properties in their region and across the membership. Additionally, you will see how expenses in your region compare to those of the different regions. 

For example, if you're curious how Westside expenses compare with Downtown expenses, this report will show you that. 

Additionally, the report will help you understand if your expenses are out of line with the region's average. 

All data that is helpful as you set your budget for next year. 

How Do I Participate?

The final round of survey testing is nearing completion and will go live this month. Once the survey is ready, all members will receive an email with a link to complete the survey. 

If you manage multiple buildings, you will add them after completing the survey for your initial building. 

All of the data collected is anonymous. We are creating an aggregate look at expenses across Greater LA.  

We do not collect data on property management fees as that would become an anti-trust violation. 

As we prepare for the survey, we encourage you to gather your income and expense data. If you already have your data on hand, the survey should take at most 20 minutes. You can save your progress and return to the survey later to complete it. 

Participants will receive a raffle entry for a free BOMA on the Sea registration. 

Non-member buildings are also eligible to report data. 

Take a moment to review last year's report to understand better the data this report will provide.  

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