Warehouse / Distribution CAM Reconciliation Guide for Landlords
Typical CAM pools, billing errors, gross-up mechanics, and BOMA standards for warehouse / distribution properties.
Benchmark CAM per SF
$1.50 – $4.00 / SF
Source: NAIOP / IREM 2024
Gross-Up Applicability
Low — most warehouse/distribution buildings are single-tenant or have very few tenants. In multi-tenant configurations, gross-up may apply to shared truck court and parking maintenance.
Typical CAM Pools
- Parking/truck court maintenance
- Landscaping (minimal)
- Security (fencing, cameras)
- Insurance
- Property taxes
- Stormwater management
- Fire suppression system maintenance
- Management fees
Standard Exclusions
- Tenant-specific dock equipment
- Capital improvements
- Leasing commissions
- Tenant racking systems
Common Lease Structures
NNN (dominant)Absolute NNN for single-tenant
Common Billing Errors
- Charging single-tenant buildings for common area management fees
- Including truck court damage caused by one tenant in the shared CAM pool
- Misclassifying HVAC office-area costs in a largely un-air-conditioned warehouse
Relevant BOMA Standards
- ANSI/BOMA Z65.2-2012 (Industrial Buildings)
- Warehouse measurement including mezzanines
Warehouse / Distribution CAM Context
Warehouse and distribution CAM is typically straightforward due to NNN lease structures and minimal common areas. Disputes most often arise around property tax pass-throughs after reassessment and insurance allocation.
Related Resources
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