Escalation Handbook for Office Buildings
Every commercial real estate property incurs operating expenses before and after occupancy begins. Determining what these costs are and what drives them can be a big challenge. The Escalation Handbook for Office Buildings provides insight into the methods used to correctly calculate and invoice expense escalations at your property.
Divided into two sections, the handbook focuses on the concepts and preparation of escalation billings, including the gross-up process. Chapters cover the definitions of an escalation and a gross-up, what kind of expenses are involved, why it benefits the tenant, different gross-up approaches and which expense categories can and should be escalated. Checklists and other supporting information are also included.
The Escalation Handbook for Office Buildings is authored by William H. Brownfield, CRE, CCIM, with Lawrence Mayerhofer, CPA.