Methods of CRE Building Measurement & National Trends
Given the challenges of the current CRE climate, it’s more important than ever for commercial real estate landlords to ensure their buildings are properly measured.
Savvy landlords are always seeking ways to increase revenue by maximizing rentable square footage (RSF). Unfortunately, inaccurate measurements are common within commercial real estate and millions of dollars in potential revenue go un-captured each year.
RSF calculations are even more prone to error when regional markets take different approaches, particularly for organizations with portfolios that span multiple locations.
In this whitepaper, we take a closer look at how property teams can reposition properties to maximize RSF in any market, specifically:
- The different methods of measurement for office properties, including BOMA and REBNY
- Which method certain markets favor or have adopted as standard
- The importance of maximizing RSF to increase the value in your portfolio
This whitepaper was compiled by a group of measurement experts at Building Engines Inc. who collectively have decades of experience in the world of building measurement and calculations.