Author: Miguel Flores Ugarte
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10 updates in the new BOMA 2024 Office Standard
The BOMA 2024 Office Standard is the latest update to BOMA’s method of measurements. This specific Standard is used to compute the floor area in and around office buildings and is updated over time to reflect the changing needs of the commercial real estate (CRE) market. BOMA’s Office Standard is applicable to all types of…
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Understand the REBNY Method of Commercial Building Measurement
If your property isn’t measured according to current commercial building measurement standards, it’s time to act. With this being said, property teams must first understand the different measurement methods at play. And for larger portfolio management companies spanning different regions of the United States, this also means understanding how standards vary by state. The United…
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The most profitable commercial real estate starts with better space management
Commercial real estate (CRE) owners have done it all to yield a better return on investment (ROI) at their properties – from improving the tenant experience to increasing energy efficiency at their buildings. But it still might not be enough. Have you considered better space management to create the most profitable commercial real estate? It…
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20 Commercial Real Estate Terms and Definitions for Space Measurement
We know it can be difficult keeping track of all the different commercial real estate terms and definitions. And when it comes to space measurement terminology, definitions become even more granular. To make it easy for you, we put together the 20 most important space measurement terms for you to have on hand whenever you…
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5 BOMA Definitions to Know: Understand Space Measurement Terminology
What is BOMA? BOMA is the Building Owners and Managers Association International. It has been the leading trade association for commercial real estate (CRE) professionals for over 100 years and represents owners, managers, and service providers of office, industrial, medical, corporate, and mixed-use properties. The association is the primary source of information on building management…
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BOMA Measurements for Retail Space: Understanding the Latest Updates
Updates to BOMA’s Standard Method of Measurement for Retail Properties were rolled out in March 2020 and commercial real estate (CRE) properties are still making the necessary adjustments. The BOMA 2020 Retail Standard guidelines include new features and clarifications from the previous, 2010 Retail Standard. The update to BOMA measurements for retail space is intended…
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How Laser Scanning Technology Speeds Up CRE Space Measurement Projects – And Why It Matters
When measuring the space of a commercial real estate (CRE) property, speed and accuracy are key. After factoring in COVID concerns, tenants don’t want people in their spaces for extended periods of time. With tenant comfort and safety top of mind, property management teams are always searching for new ways to keep relations at ease. Laser scanning…