Accurate area reporting is essential when preparing space for lease or sale. Too often, realtors and tenants depend on area figures that are outdated or improperly calculated in the first place - a liability that places deals and reputations at risk. Know your numbers. Let us apply BOMA, IPMS, or another industry standard directly to your existing CAD files. For over 20 years, Extreme Measures has provided industry-leading area analysis and consulting services to the Real Estate Industry at large.
The new BOMA International flagship standard, BOMA 2017 For Office Buildings: Standard Methods of Measurement - ANSI/BOMA Z65.1-2017 was published in October 2017. Under the new standard, your buildings are likely to grow . Key enhancements include:
Real estate professionals know that even minor variations in square footage can have a significant effect on leasing figures and building valuations. As a result, the real estate industry has long required a systematic and reproducible method for measuring buildings that landlords, tenants, sellers, and purchasers can agree upon.
The Building Owners and Managers Association (BOMA) aims to provide clear guidance with its suite of BOMA Floor Measurement Standards. Since 1915, BOMA International has published its popular Office Standard with recent issues in 1980, 1996, 2010, and 2017. BOMA office standards are focused on producing area figures for use in building leasing, operations, and valuation. In recent years, BOMA has expanded its family of standards with publications dedicated to industrial, retail, multi-unit residential and mixed-use buildings.
BOMA Standards are well adopted in North America and in many international markets; however they aren't the only measurement standards available. The International Property Measurement Standard (IPMS) is gaining traction as an effective way to measure and compare building areas across international markets. There are also a number of area measurement standards published by various governments, organizations, and corporate entities.
Extreme Measures is a major contributor to the BOMA International Floor Measurement Task Force. We are credited for editing and illustrating the latest BOMA 2017 Office Standard and are currently under contract to help modernize the rest of BOMA’s suite of floor measurement standards. Work is presently underway with new standards to be released as they are completed.