The Building Owners and Managers Association (BOMA) International recently released an updated version of its industrial real estate measurement standard. The first revision to the standard in seven years, it is designed for use with industrial and flex buildings and their associated structures and may be applied to single tenant, multi-tenant, and multi-building configurations.
The newly released industrial standard introduces a new methodology for measuring industrial and flex buildings, and it features a step-by-step format and series of best practice guidance to increase its ease of use. The new standard also streamlines the presentation of single occupant and multi-occupant scenarios into one chart. Additionally, it explores other aspects of consideration for industrial and flex buildings such as inter-building areas, capped load factors applied to individual occupants, flexibility to separately disclose areas of interest, and more.
BOMA International has long been the real estate industry’s leader in setting measurement standards, starting with its first published office standard in 1915. Since then, BOMA International has released a full suite of measurement standards, and the association serves as the American National Standards Institute (ANSI) secretariat for a suite of area measurement standards.