by Brianna Crandall — April 28, 2014—In the first quarter of 2014, the Building Owners and Managers Association (BOMA) International conferred the BOMA 360 Performance Program designation upon 66 properties in commercial real estate markets across the United States and, for the first time, across the world, with the designation of the Hongo Segawa Building in Tokyo, and Bankers Hall and the Exchange Tower in Canada. The BOMA 360 designation has reportedly expanded its reach to nearly 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 700 commercial properties demonstrating best practices in these areas have earned the prestigious BOMA 360 label.
Earning a BOMA 360 designation is said to offer 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.
“The BOMA 360 designation has become a widely recognized indication of excellence in building operations and management throughout the commercial real estate industry both in the U.S. and abroad,” commented BOMA International Chair Rich Greninger, managing director with Carr Properties. “With the BOMA 360 Performance Program designating its first three buildings located outside of the U.S. this quarter, it is clear that building owners and managers value the competitive edge that the BOMA 360 designation gives properties in an increasingly global marketplace.”
A list of BOMA 360 Performance Buildings by state is available on the BOMA International Web site.
The Building Owners and Managers Association (BOMA) International is a federation of 93 BOMA U.S. associations and 14 international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types, including nearly 10 billion square feet of U.S. office space. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge.
