BOMA Z65.5 2010

Here’s some “retail therapy” you can really put to use. BOMA’s Retail Buildings: Standard Methods of Measurement (ANSI/BOMA Z65.5-2010) relieves the pressure of measuring and calculating rental rates for retail space in shopping centers by providing a uniform methodology for computing, communicating and comparing the measurement of the gross leasable area in retail buildings. Key features of the Retail Standard include: An unequivocal direct measure of the physical size of the floor area of a retail building and three measurement methods: Construction Gross Area, Exterior Gross Area, Gross Leasable Area. A consistent, unambiguous measurement of gross leasable area with step-by-step procedures for calculating measurements. Who benefits from BOMA Standards? A cross section of real estate professionals: building owners, property managers, facility managers, architects, space planners, interior designers, engineers, leasing professionals, asset managers, appraisers, brokers, assessors, lenders, insurers, developers, general contractors and many others.

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