Flex Industrial CAM Reconciliation Guide for Landlords
Typical CAM pools, billing errors, gross-up mechanics, and BOMA standards for flex industrial properties.
Benchmark CAM per SF
$2.50 – $6.50 / SF
Source: NAIOP / IREM 2024
Gross-Up Applicability
Moderately relevant — flex buildings often have varying occupancy across units. Variable expenses for shared parking, landscaping, and common-area HVAC should be grossed up when below standard occupancy.
Typical CAM Pools
- Parking lot maintenance
- Landscaping
- Security
- Common area utilities
- HVAC (office portion)
- Insurance
- Property taxes
- Management fees
- Trash removal
Standard Exclusions
- Capital improvements
- Leasing commissions
- Tenant-specific equipment
- Warehouse-only utility costs
Common Lease Structures
Common Billing Errors
- Averaging HVAC costs across warehouse and office tenants despite vastly different usage
- Inconsistent allocation between flex suites of different sizes
- Including dock-area costs in CAM for tenants with no dock access
Relevant BOMA Standards
- ANSI/BOMA Z65.2-2012 (Industrial Buildings)
- Mixed office/warehouse measurement
Flex Industrial CAM Context
Flex industrial creates unique CAM challenges because tenants range from office-heavy (70/30 office-to-warehouse) to warehouse-heavy (10/90). Allocating HVAC, janitorial, and utility costs fairly across these different configurations is the primary dispute driver.
Related Resources
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