Although
the BOMA standard isn't required by law, it is very well - recognized and will enhance the legitimacy of your position during negotiations or if your client has a dispute with the landlord.
The simple answer is that the IPMS for Office Buildings measures the building (gross area), while
the BOMA Standard measures rentable area.
BOMA often is asked why we adopted the new IPMS for Office Buildings when
the BOMA Standard (Office Buildings: Standard Methods of Measurement - ANSI / BOMA Z65.1 — 2010) is the prevailing standard in the U.S. and many countries across the globe.
I am yet to come across a residential agent that can write / negotiate a 30 - 50 page lease, use
BOMA standard of measurement, properly calculate monthly rent, understand the complexities of commercial financing, have a realistic perspective of build / retrofit costs, understand the correct approach to determine correct value of income properties, and grasp the importance of environmental contamination and its impact.
Perform
BOMA standard area calculations in CAD on commercial T.I. Projects for leasing purposes.
Not exact matches
Major commercial real estate firms such as Cadillac Fairview, Bentall Real Estate, SNC Lavalin Profac and GWL Realty Advisors use
BOMA BESt, which claims its certified buildings use 11 per cent less energy and 18 per cent less water than the industry
standard.
And in 2004, the Building Owners and Manufacturers Association of Canada (
BOMA) adopted a version of the BREEAM - Canada / Green Globe
standard for existing buildings, and rebranded it Go Green.
«OSCRE has led the charge when it comes to developing
standards for technological systems in our industry and we look forward to strengthening our relationship,» says
BOMA International chair Ray H. Mackey, Jr. «Our collaboration will allow us to work together on a variety of initiatives that will enhance the productivity of commercial real estate professionals.»
In the United States, landlords measure space according to
standards set by the Building Office Managers Association (
BOMA).
The
BOMA rentable square feet
standard, for example, measures space to the glass line of a building.
«OSCRE has led the charge when it comes to developing
standards for technological systems in our industry and we look forward to strengthening our relationship,» says
BOMA International chair Ray H. Mackey, Jr
Note that the
BOMA measurement
standard includes two acceptable methodologies for measuring single - or multi-tenant buildings: the simpler Methodology A (known as the Legacy Method) which results in different «load factors» for each floor; and Methodology B (known as the Single Load Factor Method), which gives one averaged load factor for the whole building.
Be sure that the architect or professional has the proper accreditation to provide a Letter of Area Certification and uses a generally accepted measurement
standard such as that adopted by Building Owners and Managers Association (
BOMA).
Studies indicate that workers in more environmentally sound buildings (such as those certified to
standards like LEED, Green Globes and
BOMA GO Green Plus) provide a more comfortable work environment that boosts productivity.
While commending the Justice Department for including broad «safe harbor» clauses for existing buildings in compliance with current
standards for barrier removal and path of travel obligations,
BOMA urged the inclusion of safe harbor clauses in the final rules so that existing facilities that comply with current guidelines for people with disabilities do not have to undergo extensive upgrades to comply with the revised
standards.
We measure to the RMS (Residential Measurement
Standard) as set by RECA, and in accordance with
BOMA for commercial properties.