Estimating operating expenses for a multi-tenant office building
I'm trying to estimate operating expenses for a multi-tenant office building in Charlotte. Eight units, \~3,000 SF, leases will be FSG. Is it possible to get market data to estimate the expenses for free? I've tried ULI, IREM, and the local BOMA but can't find anything.
[{"id": "fb30g0k", "text": "If you know someone who works on the property management side, he/she probably has access to the latest BOMA EER report which was released a couple weeks ago. If not, anything between $7 and $8/sf total is a very safe number to use for OpEx. I work as a Capital Markets analyst in Raleigh-Durham for a major CRE firm, and work closely with our counterparts in Charlotte as well.", "replies": [], "depth": 1}]