YoY Expenses up for Retail when Forecasting for 2023?
Anyone seeing YOY increases in expenses when budgeting for 2023 for retail centers upwards of 10% ? Is this inflation, something else, or not something people are seeing?
[{"id": "is8tm44", "text": "Err\u2026 NNN or no? Check your opex line items\u2026 I bet payroll is your source of pain for average &gt; 8%.", "replies": [{"id": "is8tsew", "text": "Yes, NNN. I\u2019d have to check but I don\u2019t think payroll is included for this YoY comparison", "replies": [{"id": "is8w5bd", "text": "If you\u2019re NNN I don\u2019t see what expenses you have? Unless you\u2019re just monitoring the tenant\u2026 which in that case the delta would be very specific to their modus operandi.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iv97bhj", "text": "I\u2019d say 7% at the most", "replies": [], "depth": 1}]