Washington, DC – The Building Owners and Managers Association (BOMA) International has introduced Mixed Use Properties: Standard Methods of Measurement (2011), a new standard for measuring mixed-use properties. The publication is the latest addition to BOMA's suite of measurement standards, which also include titles for measuring office, industrial, multi-unit residential and retail properties as well as one for measuring the gross area of a building.

"Recently, the popularity of mixed-use properties has grown due to the benefits they provide communities; however, the measurement of mixed-use properties has presented challenges to developers, property managers, design professionals and others in the real estate industry,” remarked BOMA International Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, partner and chief operating officer, Stream Realty Partners, L.P. "This standard addresses the need for a clear, uniform measurement standard for use in mixed-use properties.”

The new mixed-use standard allows users to:
Classify the floor areas of a mixed-use property onto use components, parking components and mixed-use common areas.
Measure the exterior gross areas of use components for office, industrial, retail and multi-unit residential use components, for which rentable area, gross leasable areas or unit areas are individually measurable using measurement standards published by BOMA.
Measure the exterior gross area of use components for which BOMA International does not publish specific measurement standards, such as hotels, theaters, institutional and civic uses, and parking components.
Measure the exterior gross areas of mixed-use common areas and fairly allocate those areas among all use components and parking components within a mixed-use property.
Learn more.

About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International's mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.