Lifestyle centers bill for the "experience," and those amenity charges add up fast. Verify that every line item in your reconciliation has a lease basis.
A lifestyle center is an upscale open-air retail development featuring a mix of national and boutique retailers, restaurants, and entertainment venues arranged along pedestrian-friendly streetscapes. These properties emphasize ambiance with premium landscaping, water features, and outdoor seating. CAM charges reflect the elevated maintenance standards.
Typical Lease
Triple Net (NNN) with percentage rent
Avg CAM/SF
$8.00 to $16.00
Mgmt Fee %
5% to 7%
Lifestyle center CAM includes premium costs for maintaining streetscapes, fountains, seasonal decor, event programming, and outdoor dining areas. These enhanced common areas drive higher per-SF costs than traditional open-air centers. Some landlords separate "lifestyle" or "amenity" charges from base CAM.
Landlords may add "lifestyle" or "amenity" surcharges for water features, events, or concierge services that are not defined as recoverable in the lease. If the lease does not specifically authorize these categories, they should not appear in CAM.
Large-scale permanent lighting installations and infrastructure for seasonal displays are capital investments, not annual operating expenses. Landlords sometimes pass the full cost through in a single year.
The upscale nature of lifestyle centers can be used to justify premium vendor pricing for landscaping, security, and janitorial services without competitive bidding or market-rate verification.
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$12.30/SF
Average lifestyle center CAM charges are estimated at $12.30 per square foot for inline tenants [industry estimate]
Source: ICSC / ULI Retail Reports (2024)
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