The Park at Point West complex, where each apartment is metered. Such energy costs can affect the salability of complexes. Interland had terms worked out on the sale of one complex until the price hikes came along. He's asking for a significant reduction in price. Gas isn't a big expense for office, retail and warehouses.
Tenants usually pay for the electricity.
The big exception is full-service office leases. The tenant pays for increases in later years. Landlords have balked at using 2001 as the base. Another big worry among landlords is that companies will leave California. The company was looking to locate in Sacramento, he said.