Industrial CAM is low per SF but the total bill on a large warehouse adds up. Environmental and capital pass-throughs are the biggest risk areas.
An industrial warehouse is a large single-story or clear-span building used for storage, distribution, manufacturing, or logistics. These properties range from 20,000 to over 1,000,000 square feet with high ceilings, truck courts, and loading docks. CAM charges are lower than retail or office because common areas are minimal, but exterior maintenance and shared infrastructure costs still apply.
Typical Lease
Triple Net (NNN) or Absolute Net
Avg CAM/SF
$1.50 to $4.00
Mgmt Fee %
2% to 4%
Industrial warehouse CAM is typically simple, covering shared road and truck court maintenance, exterior lighting, perimeter fencing, and stormwater management. In multi-tenant industrial parks, CAM also covers shared amenities like gatehouse security and common area landscaping. Single-tenant warehouses may have near-zero CAM with absolute net structures.
In multi-tenant industrial parks, tenants with heavy truck traffic cause disproportionate road wear. If road repair costs are split equally by square footage rather than usage, light-use tenants subsidize heavy-use neighbors.
Environmental cleanup, soil testing, and contamination remediation are capital items and often the landlord's responsibility. Some landlords attempt to pass these costs through as CAM charges.
Sprinkler system replacements, fire pump upgrades, and alarm system installations are capital improvements. Landlords may classify them as "maintenance" to pass the cost through in a single year.
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$2.80/SF
Average industrial warehouse CAM charges are estimated at $2.80 per square foot nationally [industry estimate]
Source: NAIOP Industrial Space Demand Forecast (2024)
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Find My OverchargesThis page provides general educational information. It is not legal advice and may not reflect the most current law in your state. Consult a licensed attorney for advice specific to your situation.
