What is "OpEx" in commercial real estate?
OpEx are all expenses incurred in the day-to-day operations of the business, which include utilities, wages, maintenance, repairs and even rent. In the real estate context, OpEx is directly related to O&M.
What is Included in Operating Expenditures?
Typically, OpEx includes any expense not directly related to sales. This includes (but is not limited to) expenses such as payroll, rent, equipment, insurance, software services, utilities, office expenses, and operating leases. OpEx does NOT include taxes or debt service.