WHAT IS IPMS?
International Property Measurement Standards (IPMS) address current inconsistencies in the way property is measured around the world by introducing an internationally recognized standard for measuring office space. BOMA International is working in partnership with the Royal Institution of Chartered Surveyors to provide training on this exciting new change to global standards.
Property is measured in different ways around the world. Depending on the method used, the calculated floor area can deviate by as much as 24%.* Corporate occupiers require a consistent way to accurately compare their current space utilization and forecast future space needs. IPMS will provide that consistency, offering corporate occupiers a uniform method for measuring, understanding and benchmarking their office space in different markets around the world, as well as assisting valuation and financial reporting consistency across international markets.
*According to Jones Lang LaSalle
Property advisers can use IPMS to ensure the measurement information provided to clients is consistent and comparable across international markets. This will initially provide a great opportunity for competitive advantage as demand for IPMS measurements increases.
BOMA International has partnered with the Royal Institution of Chartered Surveyors (RICS) to provide training on the new IPMS Office Standard.
For more information, contact Catie Slye, Director of Education at email@example.com