The Building Owner and Manager’s Association (BOMA) International has been defining the way commercial real estate professionals measure their properties for nearly 95 years. Now, with the release of The Gross Areas of a Building: Methods of Measurement (GRAMS) standard, BOMA provides a uniform basis from which building professionals can compute, communicate, and compare the measurement of buildings by gross area.
According to James A. Peck, chair and chief elected officer for BOMA International and senior director of asset services for CB Richard Ellis, “GRAMS presents a concise, easy-to-use method for measuring the gross area of a building, which ultimately helps property professionals do their jobs better.”
Here are five ways GRAMS can help commercial real estate professionals:
- Get on the same page. GRAMS’ uniform methodology helps a cross section of industry professionals – including architects, appraisers, general contractors, owners, and more – do their jobs better because it provides a tangible, valuable, and actionable document for practitioners to measure gross area. It is the only methodology that crosses disciplines.
- Get interactive. The interactive, downloadable format of GRAMS features 37 illustrations and 19 definitions of measurement terms.
- Get comprehensive. GRAMS applies to all buildings – office, retail, industrial, single and multi-unit residential, hospitality, entertainment, and public and private institutional buildings. It also applies to both new and existing buildings that contain single or multiple stories and are either owner-occupied or leased to one or more tenants.
- Get a “twofer”. GRAMS provides a uniform basis for measuring both the construction gross area and the exterior gross area of a building.
- Get dependability. GRAMS meets an important and growing industry demand as more professionals have questions and demands for gross area methodologies. GRAMS provides a true methodology for measuring gross area.
For more information about The Gross Areas of Building: Methods and Measurement, visit www.boma.org.