In this article, you'll explore:
- Rent escalations and how they impact your lease costs over time
- Common Area Maintenance (CAM) fees and what they typically include
- The importance of identifying and correcting errors in lease calculations
- Out-of-pocket costs for tenant improvements that may exceed your allowance
- Fine print fees, such as property management or administrative charges, to watch out for
Occupancy costs for leased offices, warehouses, retail shops and other types of commercial spaces account for a large share of any company's expenses. Having a clear picture of what it costs you to occupy your space is important for budgeting, and knowing how it may change over time allows you to create more accurate financial forecasts. A lot more goes into your costs beyond your base rent. Make sure not to overlook these common additional costs: