Place the crab cakes into the oven on the broiler rack, right below the broiler, for around 12 minutes. Halfway through the 12 minutes, remove the crab cakes from the broiler rack, flip the crab cakes, and put them back under the broiler.
What is the 'Operating Expense Ratio - OER'. The operating expense ratio (OER) is a measure of what it costs to operate a piece of property compared to the income that the property brings in. The operating expense ratio is calculated by dividing a property's operating expense by its gross operating income and used for comparing the expenses of similar properties.
When applying a capitalization (cap) rate to a property income stream, every expense has a direct effect. For instance, at a 10% cap rate, each $100 increase in operating expense would reduce building value by $1,000. Building owners rely on high occupancy to cover the costs to operate a building. Providing a high quality work environment with cost-effective building services gives that landlord a competitive advantage.