BOMA revises the Standards at least every 5 years, but the last major update was in 2010. The major shift this year is the truly international focus that 2017 brings.
Every edition of the Standards comes with some design changes and further clarity. This year is no different, with a larger Glossary of Terms, more pictures, a new, step-by-step format, and a section on Best Practices. There is also an emphasis on the IPMS for Office Buildings compatibility.
Below is a breakdown of what we found most relevant to our office landlord customers. We indicate if the change has the potential to increase (+) or decrease (-) rentable square footage (RSF).
Unenclosed (Building or Occupant) Features are now included - specifically, balconies and finished rooftop terraces.
Public pedestrian thoroughfare boundary condition has been removed.
Major vertical penetrations at the lowest level are now included. This means that any floor space is now Rentable Area, but floor openings are not.
Inter-building area will be applicable throughout multiple buildings in an office park or campus, as well as in individual buildings.
Capped Load Factors will now be applicable on a tenant-by-tenant basis so that negotiations on leases can be more market-appropriate.
Confused about how BOMA 2017 affects your portfolio?
We can help you be in compliance and take advantage of the potential additional RSF that comes with these BOMA 2017 changes.
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