Occupancy Costs are Rapidly Escalating and usually represent the third highest company expenditure behind payroll and inventory.
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.
Leases and Lease terms can be complex and difficult to interpret and administer. An audit will not only identify and recover billing discrepancies, it will address and fix erroneous Landlord billing practices resulting in many years of future benefits.