The BOMA Magazine

BOMA Magazine is the official news magazine of the Building Owners and Managers Association (BOMA) International. It is the number one source for the latest news and information on legislative, regulatory and codes activities, statistical trends and forecasts and emerging technologies impacting commercial real estate.

Find out about the important issues affecting the commercial real estate industry. See what members of the commercial real estate’s premier association are reading. Stay on top of news and events at BOMA International.

Sustainability on the Rise

For many years, elevators were excluded from sustainability initiatives and written off as an unavoidable energy drain. Recently, these vertical transportation systems have become the focus of green technology advancements and were even made a category within the consideration process for LEED certification. Today’s property professionals can harness the power of sustainable elevators in their buildings—and as a bonus, they might just collect a green building certification along the way.

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A Dynamic Approach to Preparedness

Like many things in the commercial real estate industry, emergency preparedness is not what it used to be. The dust-collecting, one-dimensional plans of yesterday have evolved into fluid documents that are routinely updated and practiced. Today’s property professionals demonstrate new ways to bring emergency preparedness plans to life through sophisticated drilling simulations, trainings with neighboring buildings and getting to know their first responders by name. Step one is to take the plan off the shelf. Step two is to never set it back down.

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When Preparedness Plans Become Reality

It’s one thing to have a preparedness plan on paper. It’s another to put that plan into action. A real-life disaster has a way of exposing weaknesses that were previously missed. No building manager can be fully armed against all risk to life and business at all times, unless they work in a fortress…and who wants to work in a fortress?

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Smart Integration and a City Near Your

Over the years, the term “smart city” has made its way into the commercial real estate vernacular, but a clear definition remains elusive. With many property professionals still working to implement the latest smart technology in their own buildings, a potential citywide application raises an entirely new set of implications for the industry to consider. But, don't start planning flying car accommodations for your building just yet. Experts say smart integration might just involve things like reduced traffic and more efficient parking management. In fact, it turns out that smart integration is less about shiny new technology and more about enhancing the quality of life for building occupants and city inhabitants.

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CRE's Next Big Issues: The Impact of Co-Everything and Ever-Advancing Technologies

We are living in a co-everything world, where the experience and sharing economies have changed the way people travel, live and work. Inevitably, these changes—brought about by companies like Uber, Airbnb and WeWork—have also blurred the lines of live-work-play in the commercial real estate industry. Investors looking to capitalize on new tenant preferences are now strategizing on the basis of amenitization, convenience, location and socialization. Disrupt or be disrupted: This is the new normal.

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How to Stop Worrying and Embrace Change

The one constant in our lives and in our industry is change. From mergers to new technologies to a new generation entering the workforce, any one of these “disruptors” would be enough for some serious strategy meetings. But, it’s the timing—the confluence of these factors—that can crank up the stress level and bring change management into the limelight as a corporate issue, especially for property management firms that face these issues times two. They not only need to embrace internal change to function in a new era of work, but they also need to help their tenants address their own attempts to cope.

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Childcare in the Building

For multitenant office buildings in competitive markets, keeping a building fully occupied can become an amenities arms race. Many property teams may have never even considered offering on-site childcare as a way to woo desirable tenants, but the move to invest in daycare space—either as an amenity or through a childcare-focused tenant—might just give them that competitive edge.

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Cleaning Up an Industrial Space

It’s a simple fact that industrial properties take more of a beating than office assets, a truth that, one might think, would be reflected in the language of the lease. But, not all leases are created equal, and they are subject to interpretation and, ultimately, the willingness and ability of the tenant to play along. At the end of the day—or, more appropriately, at the end of a lease—a triple-net arrangement provides no greater protection against a tenant’s lack of cooperation. There’s a balance that has to exist, an understanding between tenant and manager. But, how do you strike this balance?

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The Friendly Robot Invasion

Raise your hand if you’ve ever considered the following: “Could a robot do my job better than I can?” While the reality of robots wandering a commercial property and performing basic management tasks is still many years away from being implemented broadly, the quest for innovation isn’t going anywhere—and neither are transformational technologies like robots, drones, mobile apps, autonomous vehicles and even blockchain. By being well-versed in these technologies, property owners and managers can leverage them to positively impact the tenant experience, protect client investments and increase their on-the-job efficiency.

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How to Get Ahead of the Economic Cycle

The clock on this economic cycle is ticking. Unfortunately, it’s impossible to know exactly when the alarm will sound. But, with the current expansion lasting nine and a half years, we almost surely stand closer to the next recession than the previous one. During the last cycle, many got caught flat-footed—not just by the magnitude of the recession, but by its timing. Even without a perfect crystal ball, we can look at previous downturns and glean useful information that can help the commercial real estate industry prepare for the eventuality of the next downturn.

The prospect of an outright recession in 2019 looks low, but a slowing in the economy looks increasingly likely. Commercial real estate could face challenges that it has not encountered in a few years, even without a technical recession. Thankfully, property professionals can at least consider several key things now to prepare for any slowing or disruptions in the market.

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Letting Go of Old Workplace Design Paradigms

Change, goes the cliché, is our only constant. It is self-evident to say that our world is changing, and that the pace of that change increases exponentially. There are few examples where the tectonic shifts of "change" register as much and as deeply as they do with the workplace, especially when it comes to design and operations. By monitoring the seismology of the field, it’s possible to understand where the commercial real estate industry is heading; what owners and managers can expect; and how best to future-proof real assets.

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The Mindful Workplace

The evolution of technology has allowed us greater control over the workplace than ever before. As these possibilities open up, property professionals and their tenants have the opportunity to think more critically about the spaces they are creating. The growing wellness movement is focused on finding workplace solutions that create happier, healthier work environments that entice workers. Many of these proposed solutions come with claims of how they positively impact the human brain. But, what do we actually know about the built environment and brain science?

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November/December 2019 Issue
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September/October 2019 Issue
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July/August 2019 Issue
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May/June 2019 Issue
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March/April 2019 Issue
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January/February 2019 Issue
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