Survey Shows BOMA 360 Designees Demonstrate Operational Savings and Compete for Tenants
WASHINGTON — A new survey conducted by the Building Owners and Managers Association (BOMA) International shows that BOMA 360 designees are able to document operational savings, develop new policies and procedures, and attract new tenants because of their designation. The BOMA 360 Performance Program is a groundbreaking program designed to recognize commercial properties that demonstrate best practices in building operations and management. Since the program’s inception in Spring 2009, 180 buildings have been designated. The survey was sent to BOMA 360 designees who have had the designation for a year or more.
“The findings of the survey clearly demonstrate that the BOMA 360 designation gives properties competitive advantage in today’s market,” commented BOMA International Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, partner and chief operating officer, Stream Realty Partners, L.P. “There is no other program that shows that properties are meeting quality benchmarks in every aspect of building operations and management. The fact that designees are able to demonstrate that the program ultimately enhances asset value is a testament to the quality of the BOMA 360 program.”
According to the survey, designees are already reporting that they have:
- Established new operational policies and procedures (32%);
- Achieved documented operational savings and efficiencies (28%);
- Are attracting or competing for new tenants (20%);
- And more than two thirds report earning recognition from owners, tenants and other members of the management team.
"We monitor monthly energy use by BTUs per square foot. The BOMA 360 Performance Program has helped us reduce our building’s BTU’s by roughly 20 percent compared to seven or eight years ago,” said James Morrison, property manager, Robert A. Grant Federal Building and U.S. Courthouse, and a BOMA 360 designee. “The BOMA 360 tools and best practices are a yardstick that helps us measure how we’re doing and where the areas are for improvement."
The BOMA 360 Performance Program evaluates properties on six major areas of building management: building operations and management; life safety/security/risk management; training and education; energy; environment/sustainability; and tenant relations/community involvement. The comprehensive nature of BOMA 360 means that every aspect of building performance is assessed and scores are based on how buildings meet an extensive checklist of best practices.
For more information about the BOMA 360 Performance Program, visit www.boma.org/GetInvolved/BOMA360.
About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.