"CAM" is a term thrown around a lot. It is supposed to mean Common Area Maintenance. However, many people, brokers included, often use this as a term to describe ALL operating expenses: Taxes, Insurance, Landscaping, and CAM. Be sure to clarify this with your broker or landlord. As far as the amount, it varies greatly. It depends firstly upon the asset class, then secondarily upon what part of country you're in. In Georgia, class A fortress malls may charge $6+/SF, whereas a mom & pop centers average around $3-3.50/sf. Property taxes will make up the largest share, so if your state has high property taxes (expensive areas like NY, NJ, CA, etc), your "CAM" will be commensurately high.
Apr 10, 2014