Take advantage of BOMA 2017 

RDM helps office landlords take advantage of the potential additional RSF that comes with BOMA 2017 changes. 

What are the changes?

Below is a breakdown of what we found most relevant to our office landlord customers. We indicate if the change has the potential to increase (+) or decrease (-) rentable square footage (RSF).

BOMA 2017

Unenclosed (Building or Occupant) Features are now included - specifically, balconies, and finished rooftop terraces. 

Public pedestrian thoroughfare boundary condition has been removed.

Major vertical penetrations at the lowest level are now included. This means that any floor space is now Rentable Area, but floor openings are not. 

Inter-building area will be applicable throughout multiple buildings in an office park or campus, as well as in individual buildings. 

Capped Load Factors will now be applicable on a tenant-by-tenant basis so that negotiations on leases can be more market-appropriate

+ RSF

 

 

 

 

-

 

-

-RSF

 

 

 

 

 

-

 

-

We have seen the impact converting to BOMA 2017 has for our customers.

City - DC 5

2% Growth Across Entire Portfolio

Customer X produced a 2% growth over various assets within the D.C. Metro area by converting their D.C. portfolio from antiquated BOMA measurement to BOMA 2017. Now using RDM's RealAccess software, the landlord can compare previous BOMA standards to future standard values all on one screen. 

City - Arlington Virginia skyline

20,000 SF Added with ROI of $ Millions

A large international real estate investment manager hired RDM to support their disposition process for a commercial office building in Northern Virginia. RDM’s team leveraged the RealAccess software and successfully discovered an additional 20,000+ sq. ft. of BOMA RSF. 

Confused about how BOMA 2017 affects your portfolio?

We can help you be in compliance and take advantage of the potential additional RSF that comes with these BOMA 2017 changes. Fill out the form below to contact RDM