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Denver Office Market Activity 1Q10

While 2009 was a challenging year for the Denver commercial office market,  the rate of decline decreased in each successive quarter, and by 4Q09, the market showed signs of stabilizing. Negative absorption, increased vacancy and decreased rental rates were hallmarks of 2009, and the market posted full-year absorption of negative 1,275,586 square feet.  In 1Q10, however, the office market improved, logging moderate positive absorption, decreased vacancy, increased leasing activity and stabilizing rental rates. Absorption for 1Q10 was 126,401 square feet, making it the first positive quarterly absorption in almost two years. Read more…

Leaving PCs On Overnight Costs Companies $2.8B A Year

Even during an economic meltdown, when companies are scrambling to cut costs, businesses are wasting billions of dollars by leaving their PCs on at night.U.S. organizations squander $2.8 billion a year to power unused machines, emitting about 20 million tons of carbon dioxide roughly the equivalent of 4 million cars according to a report to be released Wednesday.

About half of 108 million office PCs in the USA are not properly shut down at night, says the 2009 PC Energy Report, produced by 1E, an energy-management software company, and the non-profit Alliance to Save Energy. The report analyzed workplace PC power consumption in the USA, United Kingdom and Germany.

Wastefulness does not just affect a company’s bottom line, it creates environmental concerns, the report says. If the world’s 1 billion PCs were powered down just one night, it would save enough energy to light the Empire State Building inside and out for over 30 years, it says.

“Workers do not feel responsible for electricity bills at work, and some companies insist PCs remain on at night so they can be patched with software updates,” says 1E CEO Sumir Karayi. He says 63% of employees surveyed said their companies should take more steps to save PC power.

“It is scary how much energy is wasted,” says Michael Murphy, senior manager of global environmental affairs at Dell, a business partner and customer of 1E. It has used 1E software to efficiently manage its 50,000 PCs globally, saving about $1.8 million a year.

Simply shutting down PCs at night can save a company with 10,000 PCs over $260,000 a year and 1,871 tons of carbon dioxide emissions, the report says.

“PCs can be a tremendous drain on electricity,” says Doug Washburn, an analyst at Forrester Research. “During a nine-hour workday, it isn’t always in use because of lunch, meetings and other things.”

Will The Stimulus Package Help Your Small Business?

The Small Business Administration (SBA) will be hosting an online chat on Thursday, March 19, at 11 a.m. MDT on what the federal economic stimulus legislation means for small businesses.SBA Associate Administrator Eric Zarnikow will host the chat, and will answer questions from small businesses.

Chat participants can go to the SBA national website, www.sba.gov, and click on the Online Business Chat icon. You can then type in a question and submit it to be answered during the chat.

As a result of the legislation, the SBA has increased its government guarantee on its flagship 7(a) business loans and temporarily eliminated fees on these loans. Fees also have been eliminated on loans made through its 504 program, which primarily finances real estate.

The SBA also is in the process of creating new programs as a result of the bill, including bridge loans of up to $35,000 for small businesses having trouble making payments on existing loans.

Click here for the Denver Business Journal’s stimulus roundup, including a tool box of resources for accessing stimulus funds and reports on what the program means for Colorado.

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