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This help desk is a free resource intended for discussion purposes only. Neither BOMA, its chapters, affiliates, or Extreme Measures Inc.® are responsible for the information, comments or opinions expressed herein. For complete information, refer to the official publications of the standards themselves.

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Can I use BOMA when I am evaluating a property for sale?

Ignacio V
Newmark Knight Frank
August 6, 2019

Hello.I am evaluating a building for sale. I understand that the BOMA standard is primarily designed to generate leasing figures based on Rentable Area, so Do you recommend to use the BOMA Standard to generate salable areas of a building? Which standard do you recommend for generate salable area?

David Fingret
Extreme Measures Inc.
August 6, 2019

The latest BOMA 2018 Gross Areas standard would be appropriate for this purpose.

Thanks,
David

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