10%
increase in total service charge costs for offices in the 2023 data compared to the previous year
86%
higher total service charge costs for offices located in central London, compared with the rest of the UK
23%
of offices had a BREEAM sustainability certification
26%
higher total service charge costs for BREEAM ‘Outstanding’ or ‘Excellent’ certified offices compared to the rest of the dataset
23%
of offices had an EPC rating of A or B
6%
higher total service charge costs for offices with an EPC rating of A or B compared to all other offices
7%
increase in total service charge costs for shopping centres in the 2023 data compared to the previous year
20%
higher total service charge costs for shopping centres located in London, compared with the rest of the UK
50%
of service charge total costs for shopping centres were higher overall than the budget, compared with only 21% in the previous year’s data
BDO PropCost 2023
An analysis of service charge expenditure data
Download the report
5%
higher total service charge costs for shopping centres with an EPC rating of A or B compared to all shopping centres
14%
of shopping centres had an EPC rating of A or B
29%
increase in costs for ‘enclosed’ shopping centres compared to those which are ‘open’
Offices 2023
Shopping Centres 2023
