Boulder Colorado Commercial Real Estate BOMA by Michael Bittner
Author: bouldercommerc
The BOMA (Building Owners and Managers Association) method is the standard method used for measuring floor area in office buildings. In Boulder, Colorado, commercial real estate companies use this method almost exclusively. This standard has been used for almost 75 years, and has undergone several revisions along the way, the most recent being in 2006. The method is used by several professionals in the real estate world including building owners, managers, tenants, appraisers, architects, leasing professional and more to compute the floor area of commercial buildings. One of the main purposes of the BOMA method is to permit communication and computation in an understandable and consistent basis. Understanding this method is vital to one's ability to thoughtfully consider leasing a commercial space.
Boulder, Colorado commercial real estate companies list two major components which make up this standard, they are known as “usable area” and “rentable area”. The usable area measures the area which may be occupied on a floor or in a suite, information that would be of particular interest to a tenant in evaluating a space offered by a landlord. The usable area has the potential to vary over the life of the building. The rentable area however is fixed for the life of a building. This area includes the tenant's pro-rata portion of an entire floor, generally referred to as “common area”, excluding vertical penetrations of the floor (stairwells or elevator shafts). This is the information that most Boulder, Colorado commercial real estate companies are interested in. Being aware of the various components of “rented area” and “useable area” help you make an informed decision about real estate investments. To order the most recent BOMA standards and guidelines call 1-800-426-6292 or visit the BOMA International Bookstore online.
More information is available on the following sites or you may contact Bittner Commercial Advisors directly at 303-442-6565
· boma.org/SiteCollectionDocuments/Org/Docs/Advocacy/BOMA26QA.pdf
· officespace.com/boma.cfm
primeedge.com/asbuilt/BOMA_Asbuilt_Plans.htm
Boulder, Colorado commercial real estate companies list two major components which make up this standard, they are known as “usable area” and “rentable area”. The usable area measures the area which may be occupied on a floor or in a suite, information that would be of particular interest to a tenant in evaluating a space offered by a landlord. The usable area has the potential to vary over the life of the building. The rentable area however is fixed for the life of a building. This area includes the tenant's pro-rata portion of an entire floor, generally referred to as “common area”, excluding vertical penetrations of the floor (stairwells or elevator shafts). This is the information that most Boulder, Colorado commercial real estate companies are interested in. Being aware of the various components of “rented area” and “useable area” help you make an informed decision about real estate investments. To order the most recent BOMA standards and guidelines call 1-800-426-6292 or visit the BOMA International Bookstore online.
More information is available on the following sites or you may contact Bittner Commercial Advisors directly at 303-442-6565
· boma.org/SiteCollectionDocuments/Org/Docs/Advocacy/BOMA26QA.pdf
· officespace.com/boma.cfm
primeedge.com/asbuilt/BOMA_Asbuilt_Plans.htm
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