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FirstService Residential launches 2025 BENCHMARK editions on operating costs and budgeting for high-rise and master-planned communities
DANIA BEACH, Fla., Sept. 29, 2025 /PRNewswire/ -- FirstService Residential, North America's 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.
For its first BENCHMARK: Master-Planned edition, FirstService utilized data from more than 400 communities across six major geographic areas in the United States. The high-rise edition analyzes operating costs from almost 1,000 residential buildings in major urban centers throughout the U.S. and Canada. Both reports offer actionable insights into operating costs, including insurance, maintenance, sustainability, amenities, reserves, and capital planning.
"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 David Diestel, CEO of FirstService Residential.
"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."
The BENCHMARK series exemplifies FirstService Residential's strategy of combining in-depth local expertise with robust support across the most dynamic real estate markets in the U.S. and Canada. As costs, regulations, and resident expectations continue to evolve the practice of community management, the company is focused on helping boards confidently navigate a changing environment. That commitment includes the most extensive network of property management professionals across the U.S. and Canada, with local experts who are deeply rooted in their neighborhoods, backed by specialized functional teams.
To download BENCHMARK, visit this link link for the master-planned edition, and this link for the high-rise edition.
About FirstService Residential
FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.
Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.
Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.
FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.
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SOURCE FirstService Residential
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