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Report: 10 Most and Least Expensive International Locations for Retail Space Facility Operations

    
SANTA BARBARA, Calif. – Whitestone Research has released The Whitestone Facility Operations Cost Reference 2011-2012, International Version.

This new reference is the only source for international facility costs in over 100 global locations.

Detailed operating cost statistics for 75 major building types including: Retail Stores, Schools, Office Buildings, Hospitals, and more.

As with the North American Version, data is also included for three levels of service for 11 operations including: Custodial, Energy, Grounds, Maintenance & Repair, Management, Pest Control, Refuse, Road Clearance, Security, Telecommunications, and Water & Sewer.

Facility Operations Costs ranged from $27.95 per sqft in Geneva to $3.20 in Damascus. In Washington DC, the benchmark city for Whitestone's Cost References, Facility Operations Costs are $16.80 per sqft.
    
Facility Cost Reference
    
    Comparison of Facility Operations Costs Per Square Foot     
    
Ten Most Expensive
Rank     City     Total
1     Geneva     $27.95
2     Zurich     $27.70
3     Honolulu     $25.32
4     Hilo     $24.26
5     Osaka     $21.39
6     Vienna     $21.32
7     Tokyo     $21.31
8     Singapore     $20.40
9     New York     $20.27
10     Copenhagen     $19.61
        
Ten Least Expensive
Rank     City     Total
1     Damascus     $3.20
2     Buenos Aires     $3.78
3     Kiev     $3.91
4     Caracas     $4.07
5     Bangalore     $4.35
6     New Delhi     $4.54
7     Kolkata     $4.58
8     Hanoi     $4.60
9     Hyderabad     $4.63
10     Mumbai     $4.73
    
    Reported costs for a model Retail Store as defined in the Whitestone Facility Operations Cost Reference, 2011 - 2012. All costs are reported in $USD using second quarter 2011 exchange rates.

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