What Are Average CAM Costs Per Square Foot?
Average CAM Costs Per Square Foot
Common Area Maintenance (CAM) costs can vary significantly based on several factors such as the type of property, its location, the specific amenities provided, and the management efficiency. Here are some high-level averages to give you a sense of typical CAM costs per square foot in different types of commercial real estate:
- Retail Properties: CAM costs in retail spaces, such as shopping centers and malls, typically range from $3 to $10 per square foot annually. This range can vary depending on the level of services provided, the property's location, and the type of tenants.
- Office Buildings: For office spaces, CAM costs generally fall between $8 and $15 per square foot per year. These costs might include security, maintenance, janitorial services, and utilities, depending on the lease structure.
- Industrial Properties: In industrial real estate like warehouses or manufacturing facilities, CAM costs are usually lower, ranging from $0.15 to $3 per square foot per year, due to fewer common area amenities and simpler maintenance needs.
These costs are approximate and can be influenced by regional market conditions, the specific terms of leases, and changes in utility prices and property taxes.