Category: Space Management
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Boosting energy efficiency in commercial buildings through smart space management
In recent years, the importance of sustainability in space management has gained significant traction across various industries. A growing number of professionals recognize that precise space measurements can lead to smarter energy use, reduced waste, and better resource management, all of which support broader goals to boost energy efficiency in commercial buildings. The impact of…
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Property amenities: A key driver of commercial real estate occupancy rates
Did you know, property amenities are emerging as a key driver of occupancy rates? Recent data reveals a striking correlation between high-quality amenities and increased tenant satisfaction, ultimately leading to improved commercial real estate occupancy rates. Here’s what you need to know. Commercial real estate occupancy rates A significant 52% of CRE professionals in the…
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Why commercial real estate floor plans matter
Accurate floor plans serve as the foundation for effective space management in commercial real estate (CRE), playing a critical role in shaping strategic decisions and operational efficiencies. As CRE organizations strive to optimize their assets, the importance of precise spatial information cannot be overstated. This blog highlights why commercial real estate floor plans matter, the…
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4 space management priorities CRE leaders can’t ignore
The commercial real estate (CRE) landscape is constantly evolving, and effective space management has become a cornerstone of success. A recent survey conducted by Building Engines in partnership with Building Owners and Managers Association (BOMA) sheds light on the current priorities and trends shaping space management practices across the industry. Top space management priorities The…
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What’s the difference between loss factor and load factor in CRE?
Have you ever asked: What’s the difference between loss factor and load factor in commercial real estate (CRE)? These terms are essential for calculating the rentable and usable space within a building, which directly impacts leasing costs and space efficiency. To better grasp these concepts, let’s delve into their definitions and applications. Loss factor The…
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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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5 property types using BOMA standard methods of measurement
Building Owners Managers Association (BOMA) has been the leading trade association for commercial real estate (CRE) professionals for more than 100 years and is perhaps best known for its Standard Method of Measurement. The BOMA Standard is used to compute floor area in and around buildings via an agreed-upon, standard method of measurement that is…
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Building measurement tips for CRE buyers and sellers
Whether you’re a buyer or seller of a commercial real estate (CRE) property, it’s imperative to have the most accurate rentable square footage (RSF) data on hand. Buyers need accurate RSF calculations from the seller to avoid overpaying. With accurate data, you can find new ways to maximize revenue once you’ve taken over an asset.…
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What is IPMS 1?
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,…
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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…