What are Occupancy Costs?
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Occupancy costs are defined as the average total cost of leasing prime net usable space. This is defined as modern, well-specified office space of 10,000 sf (929 sm) within a prime Central Business District location. They include
rent and outgoings, such as maintenance costs and property tax, if these are normally payable by the occupier but exclude rent-free periods, fitting-out costs and other leasing incentives. Occupancy costs do not take into
account the differences in leasing practices among markets.
Source:
http://www.iproperty.com.my/propertymarket/DTZ_GOOC2007.pdf