Working on a medical office complex in Florida with 15 different practices. Building owner pays one master FPL bill then allocates costs to tenants based on square footage. Several tenants are complaining it's unfair because they have different equipment loads. Anyone seen submetering work well in medical buildings?
Medical Office Building Submetering
Dan, submetering can work but it gets expensive fast in medical buildings. You've got to account for common area HVAC, parking lot lighting, elevators, etc. Usually easier to negotiate lease terms based on actual equipment loads.
Omar's right about the complexity. We did submeter a similar building in Texas and it took six months to work out all the allocation formulas. The radiology practice ended up paying 3x more than under the old square footage method.
Interesting feedback. Sounds like submetering might create more problems than it solves. Maybe a hybrid approach based on square footage plus equipment surveys would be more practical.