by Brianna Crandall — March 2, 2015—In the fourth quarter of 2014, the Building Owners and Managers Association (BOMA) International conferred the BOMA 360 Performance Program designation upon 58 properties in commercial real estate (CRE) markets around the globe, including, for the first time, in South America, with the designation of Connecta Modulos A y B in Bogotá, Colombia.
Last year saw the first buildings outside the United States awarded the prestigious BOMA 360 label, and the program continues to expand its reach into more than 60 markets worldwide.
The BOMA 360 Performance Program evaluates commercial properties in six major areas: building operations and management; life safety/security/risk management; training and education; energy; environment/sustainability; and tenant relations/community involvement. Since the program’s inception, more than 1,000 designations have been conferred.
According to BOMA, earning a BOMA 360 designation offers buildings tangible results, measured through higher tenant retention and satisfaction scores, higher rental rates, and documented operations and management savings and efficiencies as reported in designee surveys and by CoStar, Kingsley Associates and BOMA’s Experience Exchange Report.
BOMA 360 designated buildings are required to renew their designation every three years. Besides Colombia, the new class of BOMA 360 buildings includes properties with new and renewed designations in several states as well as Toronto and Ottawa in Canada.
BOMA International is a federation of 91 BOMA U.S. associations and 17 international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types including 10.4 billion square feet of U.S. office space that supports 1.8 million jobs. Its mission is to advance a vibrant CRE industry through advocacy, influence and knowledge.
