May 6, 2016
To view the original press release, visit the BOMA International Newsroom.(WASHINGTON, D.C. — May 6, 2016) The Building Owners and Managers Association (BOMA) International has announced a recent research initiative exploring the effects of densification and workplace transformation on the built environment. Densification refers to the growing trend of tenants leasing less space per employee in order to reduce costs. Increases in the number of people occupying unchanging tenant spaces have implications for how buildings are operated, and everything from potential wear and tear on a building and its systems to tenant health and hygiene must be considered.In order to help address industry concerns, BOMA International has published a white paper exploring the many implications of increased density: “Decoding Densification: Insights and Opportunities for CRE Professionals.” This white paper identifies and analyzes three main findings: that densification is happening, but unevenly; that densification is best understood in a larger context; and that the challenges of higher density are real, but manageable. Gaining a better understanding of modern workplace transformation can help those in the industry avoid potential problems and enhance building marketability to tenants. In fact, many tenants who want to decrease their square footage per employee in their space may rely on property professionals to help guide them through this process, offering building owners and management teams the opportunity to create a practical, sustainable solution for all parties.To help facilitate this process, BOMA International has created the “Tenant Leasing Checklist: A Guide for Assessing Tenant Occupancy Density.” The checklist is designed to help property professionals consider and properly address the effects a tenant’s occupancy density will have on the building’s systems at the time of a new lease or a renewal. Using this resource, property professionals can identify more easily the areas that may be impacted by a tenant’s density, including cleaning and trash removal, elevators and escalators, restrooms, fire and life safety, HVAC and fresh air, electrical systems, parking, amenities and more. The nature and ramifications of densification can vary significantly from building to building, but knowing what questions to address beforehand can streamline the process and avoid unnecessary challenges.“BOMA International is dedicated to supporting the commercial real estate industry by providing critical research and analysis on emerging trends,” said BOMA International Chair Kent C. Gibson, BOMA Fellow, president of Capstone Property Management, L.C. “With the right information, the commercial real estate industry is not only capable of successfully navigating the challenges of the densification, it also is poised to take advantage of the opportunities it represents.”To learn more about BOMA’s workplace transformation research and to download the white paper and checklist, visit the BOMA International website.
About BOMA InternationalThe Building Owners and Managers Association (BOMA) International is a federation of 91 BOMA U.S. associations and 18 international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types including 10.5 billion square feet of U.S. office space that supports 1.7 million jobs and contributes $234.9 billion to the U.S. GDP. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge. Learn more at www.boma.org.
Manager of Communications & Marketing