Budgeting For Expenses NOT Covered by CAM (Retail Centers)

[Quy Huynh]

Hi all,

I'm doing an analysis on a 30k SF retail strip center and wanted to ask how much PSF do you typically budget for: 

- leasing commissions (property is 90% occupied as of now)
-capx / reserves

And lastly, do you typically pass the property management fees through the cam so the tenants pay for it or is it an owner expense?

Thank you!