What is the true cost of occupying commercial space?
Category:
Commercial Leasing – Tenants & Owner-Users
The monthly rent is only one component of your total occupancy cost. Depending on the lease structure, additional expenses may include Common Area Maintenance (CAM), property taxes, insurance, utilities, janitorial services, internet, security, maintenance, repairs, and other operating expenses.
Understanding your total occupancy cost—not simply your rental rate—provides a much more accurate picture of the financial commitment involved.
Successful business owners budget for the complete cost of occupancy before signing a lease.