Tips for Measuring:
Single-tenant office or industrial building
In an office or industrial building with a single user, square footage measurements are simple to calculate.
The Building Owners’ and Managers Association (BOMA) is widely known as the go-to organization for standards of measurement for multi-tenant office buildings. A detailed summary of the standards is available for purchase at this link:
Also, BOMA provides training for the 2010 Office Standard, both with trained instructors and also through a webinar that can be found at www.boma.org. The training includes:
Instructor: William Tracy, MBA, NCARB, Building Area Measurement LLC, Vice Chair, BOMA International Floor Measurement Committee. Bill was the principal author of the new Standard and is one of the industry’s leading experts on floor measurement standards.
For more information on these training workshops scheduled in our community, contact www.bomahsv.org.
For more information about course content, email email@example.com.
Another opportunity to learn more about the new Office Standard is through BOMA’s “on-demand” webinar entitled, What’s New? Understanding BOMA’s Revised Floor Measurement Standard for Office Buildings
The complexity of calculating square footage in multi-tenant office buildings stems from the fact that a tenant has both “Usable Area” and “Common Area” that she enjoys.
Usable Area: The space that a tenant occupies exclusively
Rentable Area: Usable area plus the space common to all tenants, including lobbies, restrooms, and sometimes kitchens, conference rooms, and other shared spaces within a building.
In our community, we’ve seen rentable area to be anywhere from 8% to more than 20% of the total square footage in a building. Building efficiency is important to total rents, of course, but one of the top Class A buildings has lots of common area space. The feel of that building is open and expansive.
The Math: This chart was developed by Office Finder, and is a great illustration of usable versus rentable.