Research that promotes informed decision-making
Produced by Property Council for over 20 years, the Operating Expenses Benchmark was a leading industry guide that presents costs for owning and operating commercial offices and shopping centres.
Retired in 2019, the Benchmark was designed to provide owners and managers with a tool for preparing operating budgets and evaluating the performance of properties, the Operating Expenses Benchmark is widely used by many of the key players within the commercial property industry including retailers, contractors, suppliers, centre owners and managers and is also frequently used by valuers, developers and consultants.
This publication was retired on consultation with our members, who now hold and publish much of this data themselves.
The Benchmark features the following:
- Office building and shopping centre summary results
- Median costs for fixed charges
- Median costs for operational expenses such as HVAC, lifts and escalators, total energy, water, cleaning, fire protection, R&M and more
- Operating profiles by city, size, quality grade or shopping centre category
- CBD and non CBD buildings
- Buildings over and under 10,000sqm
- Comprehensive time series analysis of selected expenses.
Purchase a copy of the 2019 Operating Expenses Benchmark via our bookshop.
Contact
For further information, please contact enquiries@propertynz.co.nz