Curbing operating costs in commercial real estate

By Josh Guernsey & Tom Hall

Sticker shock (as defined by the Merriam Webster Dictionary): Astonishment and dismay experienced when being informed of a product’s unexpectedly high price. 

Does this accurately describe your emotions as you review your commercial property operating budgets for 2018? Well, join the crowd!

In 2018, many property owners and tenants alike will be faced with the challenge of increasing operating costs for commercial properties. Considering the recent assessed values placed on commercial real estate in 2017 and the subsequent increase in property taxes, many owners are finding their overall operating expenses (NNNs)…