Occupancy Cost Audit Group  
 

Occupancy Costs are Rapidly Escalating

The real estate industry is enjoying rapid growth and profitability. Meanwhile, occupancy costs represent a significant expense that continues to soar on an annual basis. Most companies focus primarily on their investment holdings in order to contain costs and reduce exposure. Other companies are unable to devote the time necessary to identify and recover erroneous overcharges. Such overcharges are hidden within complex lease clauses, convoluted reconciliations and unexplained expenses. These overcharges are at the expense of lost profits.
 


Claims by type:
  1. Common Area Maintenance (CAM) - 22%
  2. Real Estate Tax - 26%
  3. Rent - 32%
  4. Repair & Maintenance - 8%
  5. Subtenant Billings - 6%
  6. Tenant Improvements - 2%
  7. Statement Credits - 3%
  8. CPI Escalations - 1%

 

Benefits of an Occupancy Cost Audit
  • Dollars recovered from billing errors
  • Future cost savings from settlement of claims
  • Landlord Awareness
  • Contract analysis
  • Management report
  • Claims Summary
  • Recommendations
  • Market Intelligence
  • Cost effective language recommendations for new leases
  • Peace of mind knowing your real estate department is running efficiently
 
 

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