Posts by David Marino

There is no “T” in BOMA

on November 25, 2019

In the first line of the Building Owners and Managers Association (BOMA) website, they lay it out loud and clear for all to see—“BOMA International’s advocacy team is hard at work continuing to positively impact the commercial real estate industry and protect our members’ livelihood.” And this time, with the latest change to the commercial building measurement standards, they are delivering for their members in spades! The most recent change to the BOMA standard of how commercial buildings are measured allows building owners to now count areas outside of their building as part of the rentable square footage that tenants pay rent on. Patios, balconies and rooftop terraces can now be included in the rentable square footage calculation of an office building, and landlords all over the United States are taking advantage of this opportunity to increase their building square footage, by as much as 10% in some cases we have seen.

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About this Author

David Marino

David Marino is executive vice president of Hughes Marino, an award-winning commercial real estate company with offices across the nation. One of the top commercial brokers in all of Southern California, David possesses unrivaled, comprehensive market knowledge, and writes regularly about San Diego commercial real estate on his blog, Suburban Scoop. Contact David at 1-844-662-6635 or david@hughesmarino.com to learn more.

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