Building Owners and Managers Association (BOMA) or International Property Measurement Standard (IPMS) measurement standards for leasable areas can lead to an increase of the commercial value of office spaces, above 10% per month for owners, according to Colliers International’s consultants. The increase comes from the addition of leasable areas omitted from the initial architectural layouts. For example, in the case of an office building with a leasable area of 20,000 square meters, this increase translates to additional income from rents of above 300,000 euro per year.
With over 1,000,000 square meters of Class A offices, in 75 projects, existing or in development across the country, measured using BOMA or IPMS standards over the past 8 years, Colliers International is by far the market leader among real-estate and consultancy companies offering such services on the local office market.
“The measurement of leasable areas according to BOMA or IPMS standards highlights the professional approach that developers and owners of office spaces have in relation to tenants, removing any doubt related to subjectivity. At the same time, these measurements increase the commercial value of the projects. For a building of 20,000 square meters, a 5% higher leasable area means an additional income that can exceed one million euro over a five-year contract period, considering an EUR 14 average rent per square meter, In some cases we managed to add over 10% more leasable areas”, explains Ramona Savencu, Senior Associate Office Advisory at Colliers International.
