- Jackie Wester
- Womble Carlyle Sandridge & Rice, PLLC
- January 19, 2011
What is the correct standard for calculating square footage for leases? This is pertaining to commercial property in North Carolina.
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What is the correct standard for calculating square footage for leases? This is pertaining to commercial property in North Carolina.
Hi Jackie,
For commercial office leases, there are essentially 2 BOMA Standards to choose from.
BOMA 1996 is in heavy circulation and is well adopted by the real estate industry in general.
BOMA 2010 (ANSI/BOMA Z65.1-2010) is a relatively new standard and is expected to become the defacto standard in the years to come.
Given a choice, I would go with BOMA 2010 as it is the more robust, more modern standard. All the BOMA Standards are available for purchase at www.boma.org.