Suburban office parks bill at two levels: building and campus. Check both allocation methods and verify that campus amenity costs have lease backing.
A suburban office park is a campus-style development of low-rise to mid-rise office buildings (typically 1 to 5 stories) located outside the urban core. These properties share common grounds, parking lots, and sometimes amenities like fitness centers or cafeterias. CAM charges cover exterior maintenance, shared parking, and campus-wide services.
Typical Lease
Modified Gross or Full-Service Gross with expense stop
Avg CAM/SF
$8.00 to $15.00
Mgmt Fee %
3% to 5%
Suburban office parks allocate expenses across multiple buildings on a campus. Tenants pay their pro-rata share of both their building and campus-wide common area costs. This two-tier allocation creates complexity, as the split between building-specific and campus-wide expenses is at the landlord's discretion.
In multi-building campuses, the landlord decides how to split campus-wide costs across buildings. Tenants in smaller or older buildings may receive a larger allocation than their usage justifies.
Fitness centers, conference facilities, and cafeterias may be billed to all tenants campus-wide, even if specific buildings lack access or their tenants never use the amenities.
Suburban office parks have large grounds. Landlords using affiliated or sole-source landscaping vendors may pay above-market rates that get passed through without competitive bidding.
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$11.50/SF
Average suburban office park operating expenses are estimated at $11.50 per square foot [industry estimate]
Source: BOMA Experience Exchange Report (2024)
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