HM Blog

There is no “T” in BOMA

David Marino 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.