Fixed electric charge vs. separate meter/sub-meter
September 23, 2021
In the large majority of cases, when a tenant pays a flat charge per square foot for “tenant electric,” it serves as a profit center for the landlord. In Fairfield County and Westchester counties, landlords charge from $2.50 to $3.00 per square foot per annum in addition to the base rent. For tenants leasing 4,000 square feet or more, we recommend installing a meter on the premises, as it measures actual consumption, typically from $.90 -$1.50 per square foot. The cost to install a meter, about $3,000 to $5,000, can often be negotiated as part of the tenant improvement allowance provided by a landlord.
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