The International Property Measurement Standards (IPMS) was introduced to commercial real estate (CRE) professionals after a shared desire by organizations, governments, companies and professionals to build a genuinely global language for measurement. 

According to BOMA, “Through the adoption of the IPMS, property assets will be measured in a consistent way, creating a more transparent marketplace, stronger investor confidence and increased market stability.” 

IPMS can be used when the measurement and reporting of a property’s measured area is required or essential to provide accurate accounting of space. There are eight Standards, including 1, 2, 3, 3.1, 3.2, 4, 4.1, 4.2. 

In this blog we will focus specifically on IPMS 1, which is used for external and internal measurements for the whole or part of a building. 

4 CRE Leasing Bottlenecks (and How Space Management Tech Can Help)

4 CRE Leasing Bottlenecks (and How Space Management Tech Can Help)

Discover the 4 most common bottlenecks that can be solved with space management technology.

Definition of IPMS 1 

As defined by the International Property Measurement Standard Coalition (IPMSC), IPMS 1 is, “The Floor Area measured to the External Extent of the External Walls and to any Notional Boundaries External Floor Areas or Sheltered Areas.” 

How to measure using IPMS 1 

Consider the following steps when using IPMS 1 for property measurement. 

Determine the IPMS 1 boundary 

1. Notional Boundary 

Identify any agreed Notional Boundaries that differ from the maximum physical extent of External Floor Areas, Sheltered Areas, or External Walls. 

2. External Floor Area 

Identify External Floor Areas by measuring to the outside edge of the floor construction, and up to the IPMS 1 External Wall Boundary. 

3. Sheltered Area 

Identify any Sheltered Areas and establish a Boundary line along the edge of the permanent structural extensions. 

4. External Wall 

Identify the remaining Boundary line along the maximum physical extent of the External Wall. 

20 Commercial Real Estate Terms and Definitions for Space Measurement

20 Commercial Real Estate Terms and Definitions for Space Measurement

We know it can be difficult keeping track of all the CRE terms and definitions. And when it comes to space measurement terminology, definitions become even more granular.

7 important considerations 

  1. Measurements are taken to the centerline of shared External Walls between adjoining buildings. 
  2. The areas occupied by Walls and Columns within the Boundary are not deducted.  
  3. Where the wall thickness of any External Wall is unknown, an estimate should be made and stated.  
  4. Void areas such as covered air and stair openings and atria within a building are excluded but the Floor Area at the lowest level of air and stair openings and atria is included.  
  5. External stairs that lead to upper levels are included, except open framework fire escapes which are excluded.  
  6. Measurement of the upper levels of a void and Mezzanines is the same as for External Floor Area, that is to the outside edge of the floor construction.  
  7. Access openings, such as roller shutters and folding doors in an External Wall, are ignored when establishing the external Boundary line. Structures beyond the Covered Area do not form part of the building. If measured, they must be stated as separate building(s). 
Space measurement checklist for CRE due diligence

Space measurement checklist for CRE due diligence

Inaccurate measurements are rampant in CRE. Whether you’re a buyer or seller of a CRE property, it’s imperative to have the most accurate RSF data on hand.

Areas included in IPMS 1 but reported separately 

The following areas are included in IPMS 1 but must be itemized individually on a level-by-level basis: 

  • Any area between a Notional Boundary and the external perimeter of External Walls 
  • Sheltered Areas 
  • External Floor Areas 
  • Enclosed walkways or passages connecting separate buildings 
  • Enclosed rooftop plant such as mechanical, electrical and lift motor rooms 
  • External stairs that lead to upper levels, excluding open framework fire escapes, which are excluded 
  • Limited use area(s) not otherwise identified above 

Using IPMS 1 for property measurement 

The International Property Measurement Standards have established a clear and concise way to measure properties via an agreed upon method. IPMS 1, specifically, is in place to measure the total area of a building on a floor-by-floor basis. Its primary purpose is to serve building planning and development needs. 

To learn more additional property measurement guidelines and standards, download the free guide, “BOMA measurement standards for 6 property types.”