News

BOMA Releases New Flooring Standard

The Building Owners and Managers Association (BOMA) has released a new floor measurement standard for multi-family and hospitality properties.

The BOMA 2023 Multi-Family and Hospitality Standard includes several enhancements and clarifications. Key among these new features are:

• The inclusion of hospitality properties
• Outdoor amenity and retail areas
• The option of determining proportionate share allocations of certain non-living areas, based on occupant living areas.

“The inclusion of hospitality properties in our new BOMA 2023 Multi-Family and Hospitality Standard is a significant enhancement, further underlining BOMA’s leadership in developing benchmark measurement standards for the real estate industry,” said Randal L. Froebelius, BOMA Chair. “This latest edition responds to changes across the property class, providing incredible tools and incorporating the wide array of conditions we encounter in today’s evolving building designs.”