BOMA International Releases Newest Floor Measurement Standard for Multi-Family and Hospitality Properties

WASHINGTON (PRWEB) March 24, 2023

For more than a century, BOMA International has set the standard for measuring buildings. In 1915, BOMA published its first ever floor measurement standard for office buildings. Over a century later, the BOMA 2023 Multi-Family and Hospitality Standard further builds upon BOMA's legacy of standards by introducing new concepts and moving into the hospitality field.

BOMA's standards are regularly revised to ensure they address changing industry needs and compliance with the American National Standards Institute standards development process, of which BOMA International is an ANSI Certified Standards Developer.

The BOMA 2023 for Multi-Family and Hospitality Standard includes many new features, enhancements, and clarifications. Key among them are:

• The inclusion of hospitality properties
• Outdoor amenity and retail areas
• The option of determining proportionate share allocations of certain Non-Living Areas, based on Occupant Living Areas

"The inclusion of hospitality properties in our new BOMA 2023 Multi-Family and Hospitality Standard is a significant enhancement, further underlining BOMA's leadership in developing benchmark measurement standards for the real estate industry." said Randal L. Froebelius, P.Eng., BOMA Chair. "This latest edition responds to changes across the property class, providing incredible tools and incorporating the wide array of conditions we encounter in today's evolving building designs." Offered in both print and electronic formats, BOMA's new 2023 Multi-Family and Hospitality Standard is available for purchase through store.boma.org.

About BOMA International
Founded in 1907, the Building Owners and Managers Association (BOMA) International is a federation of U.S. local associations and global affiliates. The leading trade association for commercial real estate professionals for more than 100 years, it represents the owners, managers, service providers and other property professionals of all commercial building types, including office, industrial, medical, corporate and mixed-use. BOMA International is the partner individuals in the commercial real estate industry choose to maximize value for their careers, organizations and assets. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge. Learn more at http://www.boma.org.

Contact
Hakan Ozsancak
Vice President of Communications & Marketing BOMA International
(202) 326-6352
[email protected]

Read the full story at https://www.prweb.com/releases/boma_international_releases_newest_floor_measurement_standard_for_multi_family_and_hospitality_properties/prweb19243649.htm

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