230 Park Avenue, one of 16 BOMA 360 Performance Buildings in New York. Image Credit: Evan Joseph
230 Park Avenue, one of 16 BOMA 360 Performance Buildings in New York. Image Credit: Evan Joseph
Topics: BOMA standards
Load and loss factors both refer to the amount of space that you pay for but don't occupy as a part of your commercial real estate lease. As defined by BOMA standards, most multi-tenant buildings have a mixture of usable space, which is the area inside your walls, and common area space, which is the shared parts of your building's interior. Your rentable space, which includes both types of space, is what you pay for. Load and loss factors are different ways of describing that additional space.
Continue ReadingTopics: BOMA standards
Every tenant knows how much space they're paying for. However, not every tenant knows how much space they actually occupy. As the commercial real estate market changes, measurement standards change to reflect the evolution of building design and utilization. This article will discuss how the 2010 BOMA standards has an impact on how your space is measured, the cost of your space and how you can adapt.
Topics: BOMA standards
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