FirstService Residential report flags rising reserve contributions as key high-rise budget driver in 2026
FSV•2026 high-rise budget trends
- FirstService released its 2026 BENCHMARK High-Rise report, analyzing operating costs and budget trends across nearly 1,500 high-rise buildings in 22 markets.
- Reserve funding emerged as the dominant budget driver, reflecting updated reserve studies, aging infrastructure, higher construction costs, and larger board contributions.
- Insurance conditions improved in several markets; some South Florida towers saw significant premium reductions, with savings redirected to reserves, deferred maintenance, and staffing.
- The report frames budget pressure as broad-based, spanning core building systems and services, with market-level expense benchmarks across the U.S. and Canada.
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