- Ray Boltz
- LMA Architects
- January 2, 2014
I am more familiar with BOMA Office measurements, and need to know what differences would be necessary to determine the rentable area of a single occupant restaurant, where the building is separate and not part of a mall. For example, is the IGA still applicable?
- Adam Fingret
- Extreme Measures Inc.
- March 14, 2014
Sorry for this delayed answer. We had a glitch with our system and your question slipped through the cracks.
The first thing to understand is that the Retail Standard does not differentiate between retail building types (though it does describe them on page 14), so a big box or outparcel retail building is calculated according to the same methodology as an enclosed shopping mall.
The second thing is that the BOMA Retail Standard bears little resemblance to it's office counterpart. Neither "Rentable Area" nor "IGA" are associated with the Retail standard at all. Instead, the Retail Standard uses Construction Gross Area, Exterior Gross Area, and Gross Leasable Area as it's key metrics.