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BOMA Releases New Operating Expense Resource

The COVID-19 pandemic has changed how property professionals are approaching budget season for 2021 and how they are reforecasting income, operating expenses and capital expenses to predict their property's financial performance at the end of 2020. In finalizing their reforecasts, property professionals are also recalculating projected operating expense pass-throughs to tenants for the current year.

BOMA International and InspiRE Commercial Real Estate Services have partnered to create a resource to help you navigate the new uncertainties surrounding operating expense calculations and reconciliations. The Impact of COVID-19 on Operating Expense Pass-Throughs in Commercial Real Estate provides guidance on steps to take now to ensure a smooth transition into 2021.

 

Looking for additional resources on this topic? Check out BOMA International's Escalation Handbook for Office Buildings and stay tuned for an upcoming webinar on navigating OpEx calculations and reconciliations during the pandemic in the coming weeks.

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