7 Strategies to Control Operating Expenses, Now
The days are over when commercial real estate owners and operators could underwrite a 3% annual increase in operating expenses.
Fortunately, rising costs are from controllable expenses; maintenance & repairs and utilities have increased 9% and 10% respectively year over year.
According to Enertiv’s data, the poorest performing assets have 71% higher operating expenses than the average.
Addressing the causes of operational inefficiencies represent an immediate opportunity to increase NOI and asset value, especially as models have shifted from maximizing growth to maximizing efficiency.
This white paper covers
Multi-site staffing
Maintenance performance
Energy efficiency