Operating Expenses Benchmarks

Indispensable for anyone who works in the commercial property industry preparing operating budgets, evaluating the performance of office and retail properties, or tendering for services. The handbook specifies the median, upper and lower quartile annual per square metre expense for all major property costs, reported by location, size and quality grade for office buildings and centre type for shopping centres.


  • Sample includes 32 shopping centres and 67 office buildings. Combined these samples have a total rentable area in excess of 1.17 million square metres
  • Operating profiles are provided for 4 categories of shopping centres. Additional data on foodcourt expenses, marketing fund contributions and average centre turnover is also presented
  • Operating profiles, broken down by size, are included for Auckland office
  • Operating profiles for New Zealand CBD Office are also provided by quality grade.

Snapshot Results for 2010:

Source: Property Council New Zealand 2010 Operating Expenses Benchmarks

To purchase the 2010 Operating Expenses Benchmark please see our Resources Section.