What is BOMA in Real Estate?

What is BOMA?

In real estate, BOMA stands for the Building Owners and Managers Association International. It is a trade association primarily focused on promoting the interests of commercial real estate professionals, including property managers, building owners, facility managers, and developers. BOMA provides standards, educational resources, advocacy, and networking opportunities.

One of the key contributions of BOMA is its development of measurement standards, which are widely used to calculate the rentable square footage of commercial properties. For example, BOMA's Office Standard is a commonly used method to determine how rentable space is calculated within office buildings, helping ensure consistency and fairness in property leasing and management.

BOMA also advocates for policies affecting the commercial real estate industry and provides data and research that guide industry trends.