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BOMA Releases New ANSI-Approved Mixed-Use Standard

Wed, 10 Oct 2012 11:53:49 EST

Updated Standard Simplifies the Measuring of Complex Mixed-Use Properties

WASHINGTON – The Building Owners and Managers Association (BOMA) International announces the release of the revised Mixed-Use Properties: Standard Methods of Measurement (ANSI/BOMA-Z65.6-2012), which assists property professionals in accurately measuring for the floor area in mixed-use properties. This most recent version has received accreditation from the American National Standards Institute (ANSI).

These methods for measuring floor area are intended for mixed-use properties, which bring together two or more use components—including, but not limited to, office, retail, industrial, residential, institutional, civic and hospitality —in a planned integration. A mixed-use property tends to be more than simply the sum of its parts and can present property managers, developers, design professionals and others in the real estate industry with unique challenges when accounting for space, defining boundaries and allocating common areas. BOMA's new Mixed-Use Standard addresses these challenges, guiding property professionals from the proper application of pre-existing governing documents to the allocation of mixed-use common areas (MUCAs). The publication also features helpful charts and worksheets to help users apply these standards properly.

'Mixed-use properties have become the norm rather than the exception, as businesses, developers and communities recognize the opportunity to maximize space and provide density in a smart and efficient manner,' explained publication author Bill Tracy, AIA, MBA, principal metrologist for Building Area Measurement, LLC and vice chair of BOMA International's Standard Method of Floor Measurement Committee. 'This Mixed-Use Standard provides property professionals with the tools necessary to understand these dynamics and properly manage these complex properties. It is a comprehensive resource unrivaled by any on the market today.'

BOMA's revised Mixed-Use Standard enables the reader to:

-Classify the floor areas of a mixed-use property by use components, parking components and common areas.
-Measure the exterior gross areas for office, industrial, retail and multi-unit residential components, for which rentable area, gross leasable areas or unit areas are individually measurable using measurement standards published by BOMA.
-Measure the exterior gross areas for components that BOMA does not publish specific measurement standards for, such as hotels, theaters, institutional and civic uses.
-Measure the exterior gross areas of mixed-use common areas and fairly allocate those areas among all use components and parking components within a mixed-use property.

'For the past 100 years, BOMA International has set the standard for building measurement,' said BOMA International Chair Joe Markling, managing director of Strategic Accounts with CBRE. 'We are proud to add this ANSI-approved Mixed-Use Standard to our already extensive collection of area measurement standards.'

Presented in an e-book format, BOMA's new Mixed-Use Standard provides property professionals with the most up-to-date guide on mixed-use property measurement. The Mixed-Use Standard is built upon a foundation of the five other BOMA Standards—the BOMA Office Standard, the BOMA Industrial Standard, the BOMA Multi-Unit Residential Standard, the BOMA Retail Standard and the BOMA Gross Area Standard—and is intended for use in conjunction with the BOMA Standards that are applicable to the particular components of a specific property.

Learn more about this and other BOMA Standards (http://www.boma.org/MeasurementStandards/Pages/default.aspx).

 

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About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International's mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. Find BOMA online at www.boma.org.


Source: WebWire



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