BOMA International recently joined the International Property Measurement Standards Coalition (IPMSC). The coalition includes professional and non-governmental organizations from around the world and is focused on developing a principle-based standard for the way buildings are measured globally. With so many different methods of measuring floor space in use, it makes it difficult for global investors and tenants to accurately compare space, BOMA says. With the implementation of global property measurement standards, properties will be consistently measured; creating a more transparent marketplace, greater public trust, stronger investor confidence and increased market stability.
Related Stories
Sustainability | Feb 9, 2023
New guide for planning, designing, and operating onsite water reuse systems
The Pacific Institute, a global nonpartisan water think tank, has released guidance for developers to plan, design, and operate onsite water reuse systems. The Guide for Developing Onsite Water Systems to Support Regional Water Resilience advances circular, localized approaches to managing water that reduce a site’s water footprint, improve its resilience to water shortage or other disruptions, and provide benefits for local communities and regional water systems.
Sustainability | Feb 9, 2023
University of Southern California's sustainability guidelines emphasize embodied carbon
A Buro Happold-led team recently completed work on the USC Sustainable Design & Construction Guidelines for the University of Southern California. The document sets out sustainable strategies for the design and construction of new buildings, renovations, and asset renewal projects.
Codes and Standards | Feb 8, 2023
GSA releases draft of federal low embodied carbon material standards
The General Services Administration recently released a document that outlines standards for low embodied carbon materials and products to be used on federal construction projects.
Codes and Standards | Feb 1, 2023
New Jersey to allow private firms to conduct construction inspections
New Jersey recently passed a law that will allow towns to supplement construction code enforcement with help from the private sector. The legislation, which received bipartisan support, also allows municipalities to enter into shared service agreements with neighboring towns for construction inspections.
Standards | Jan 31, 2023
Standard establishes best practices for rainwater and stormwater harvesting system
The market is seeing an increasing number of residential, commercial, and industrial rainwater and stormwater systems being installed.
Green | Jan 26, 2023
Corporations fall short on climate pledges by failing to embed net-zero actions into operations
Many corporations are failing to implement simple, practical steps needed for them to hit their stated decarbonization goals, according to a survey of more than 300 operations managers across key industrial sectors including construction, energy, and chemicals in the U.S., U.K., and Germany.
K-12 Schools | Jan 25, 2023
As gun incidents grow, schools have beefed up security significantly in recent years
Recently released federal data shows that U.S. schools have significantly raised security measures in recent years. About two-thirds of public schools now control access to school grounds—not just the building—up from about half in the 2017-18 school year.
Standards | Jan 19, 2023
Fenestration Alliance updates liquid applied flashing standard
The Fenestration and Glazing Industry Alliance (FGIA) published an update to its Liquid Applied Flashing Standard. The document contains minimum performance requirements for liquid applied flashing used to provide water-resistive seals around exterior wall openings in buildings.
Government Buildings | Jan 9, 2023
Blackstone, Starwood among real estate giants urging President Biden to repurpose unused federal office space for housing
The Real Estate Roundtable, a group including major real estate firms such as Brookfield Properties, Blackstone, Empire State Realty Trust, Starwood Capital, as well as multiple major banks and CRE professional organizations, recently sent a letter to President Joe Biden on the implications of remote work within the federal government.
Multifamily Housing | Jan 9, 2023
New York City advances plan to build 500,000 new housing units
After New York Mayor Eric Adams announced a “Moonshot” plan to build 500,000 new housing units over the next 10 years in early December, he moved quickly to jumpstart the process.
