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Annual Bay Area Office Building Operating Expenses
Presented by:
Jeffrey S. Weil, Senior Vice President
COLLIERS INTERNATIONAL
925.279.5590
These numbers are in ballpark ranges to assist in preliminary investigation.
| REGION | ANNUALIZED PER SQUARE FOOT |
| San Francisco | $11-17/square foot |
| Oakland | $12-14/square foot |
| Contra Costa Class A |
$10-13/square foot |
Differences in operating
expenses can include the value of the property for county assessment of property taxes,
on-site security, enclosed parking, the impact of unionization on the region, central HVAC
versus rooftop package units, and project amenities (what, you thought they were free?).
Jeffrey S.
Weil, MCR.h, CCIM, SIOR,
Senior Vice President
COLLIERS INTERNATIONAL
1850 Mt. Diablo Blvd. Suite 200,
Walnut Creek, CA 94596
Phone: 925.279.5590 Fax: 925.279.0450
Email: jweil@colliersparrish.com
website: www.officetimes.com