Business
FirstService Residential launches 2025 BENCHMARK editions on operating costs and budgeting for high-rise and master-planned communities
FirstService Residential launches 2025 BENCHMARK editions on operating costs and budgeting for hi...
About this update from Firstservice Corp
[{"type":"text","content":"FirstService Residential launches 2025 BENCHMARK editions on operating costs and budgeting for high-rise and master-planned communities\n\n\n\n FirstService Residential launches 2025 BENCHMARK editions on operating costs and budgeting for high-rise and master-planned communities\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n PR Newswire\n \n\n\n\n\n\n DANIA BEACH\n \n , Fla.\n \n ,\n \n\n Sept. 29, 2025\n \n\n /PRNewswire/ --\n \n\n FirstService Residential\n \n\n ,\n \n North America's\n \n leading residential property management company, has unveiled its 2025 BENCHMARK reports on operating costs and budgets for high-rises as well as master-planned, large-scale and highly amenitized communities. These two comprehensive reports help community association boards, developers, and property managers make informed decisions about their operations and budget strategies.\n \n\n\n\n\n\n\n\n\n For its first BENCHMARK: Master-Planned edition, FirstService utilized data from more than 400 communities across six major geographic areas in\n \n the United States\n \n . The high-rise edition analyzes operating costs from almost 1,000 residential buildings in major urban centers throughout the U.S. and\n \n Canada\n \n . Both reports offer actionable insights into operating costs, including insurance, maintenance, sustainability, amenities, reserves, and capital planning.\n \n\n \"In my experience, the most successful boards move their communities forward by creating a long-term vision for the community, actively engaging and transparently communicating with residents, and implementing a disciplined annual budget process,\" said\n \n David Diestel\n \n , CEO of FirstService Residential.\n \n\n \"Board members who lead their communities are our everyday heroes. In their role, they must balance ever-increasing resident expectations with financial constraints,\" continued Diestel. \"Our BENCHMARK series was designed to support community leaders in developing cost-effective strategies to help manage rising costs while navigating complex market conditions with expanding legislation.\"...