Lifestyle Center CAM Reconciliation Guide for Landlords
Typical CAM pools, billing errors, gross-up mechanics, and BOMA standards for lifestyle center properties.
Benchmark CAM per SF
$8.00 – $16.00 / SF
Source: ICSC / IREM 2024
Gross-Up Applicability
Relevant — lifestyle centers have higher turnover in smaller boutique spaces. Variable expenses for common amenity areas (fountains, event spaces, premium landscaping) should be evaluated for gross-up when occupancy drops.
Typical CAM Pools
- Landscaping (premium)
- Security
- Marketing/promotions fund
- Parking (surface and structured)
- Lighting
- Common area amenities
- Management fees
- Insurance
- Property taxes
- Event programming
Standard Exclusions
- Capital improvements
- Leasing commissions
- Individual tenant build-out
- Anchor-specific costs
- Developer overhead
Common Lease Structures
Common Billing Errors
- Commingling marketing fund and CAM charges
- Including capital improvements to common amenities as operating expenses
- Incorrect allocation of structured parking costs to tenants without allocated spaces
Relevant BOMA Standards
- ANSI/BOMA Z65.5 (Retail Buildings)
- Mixed-use measurement methods when office or residential is present
Lifestyle Center CAM Context
Lifestyle centers command premium CAM charges due to high-end common area maintenance (water features, premium hardscaping, event spaces). Tenants often dispute whether these amenity costs should be recoverable operating expenses or landlord capital.
Related Resources
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