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Data Center CAM Reconciliation Guide for Landlords

Typical CAM pools, billing errors, gross-up mechanics, and BOMA standards for data center properties.

Benchmark CAM per SF

$12.00 – $30.00 / SF

Source: Cushman & Wakefield Data Center 2024

Gross-Up Applicability

Limited for traditional CAM — data centers bill most costs directly based on power consumption (kW) and cabinet/cage footprint rather than square footage. Shared infrastructure costs may be grossed up in multi-tenant facilities.

Typical CAM Pools

  • Security (24/7 multi-layer)
  • Insurance (specialized)
  • Property taxes
  • Common area power infrastructure
  • Cooling system maintenance (shared)
  • Fire suppression maintenance
  • Landscaping (perimeter)
  • Management fees

Standard Exclusions

  • Tenant power consumption (individually metered)
  • Tenant-specific equipment
  • Capital improvements
  • Leasing commissions
  • Tenant cooling beyond allocated capacity

Common Lease Structures

NNN with power pass-throughColocation gross with power meteringPowered shell NNN

Common Billing Errors

  • Allocating shared cooling costs by square footage instead of power draw
  • Including PUE (Power Usage Effectiveness) losses in tenant pass-throughs without disclosure
  • Mischarging redundant power infrastructure (N+1, 2N) as operating expense vs. capital

Relevant BOMA Standards

  • No specific BOMA data center standard — typically measured by raised-floor square footage or power capacity

Data Center CAM Context

Data center CAM is fundamentally different from other property types because the primary cost driver is power and cooling, not square footage. Most costs are billed based on committed power (per kW) rather than traditional pro-rata SF allocation.

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