BOMA: Building Owners and Managers Association in Commercial Real Estate
BOMA, or the Building Owners and Managers Association, is an international trade association for commercial real estate professionals. The organization, which was founded in 1907, sets many of the standards for how commercial structures are measured. BOMA standards particularly focus on office, industrial, multifamily and retail properties
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BOMA’s Role in the Commercial Real Estate Industry
BOMA, or the Building Owners and Managers Association, is an international trade association for commercial real estate professionals. The organization, which was founded in 1907, sets many of the standards for how commercial structures are measured. BOMA standards particularly focus on office, industrial, multifamily and retail properties. In addition to creating and updating building measurement standards, BOMA advocates for issues of interest to the commercial real estate industry, including capital gains tax relief, private property rights, and energy efficiency tax deductions. It also publishes BOMA Magazine, which helps CRE professionals stay up to date on various developments within the industry.
BOMA is considered a federation, as it consists of approximately 90 chapters across the U.S. and 18 international affiliates in countries including Canada, Australia, the United Kingdom, Brazil, China, Japan, Korea, Mexico, New Zealand, Russia, Panama, South Africa, Finland, Indonesia, and Greece.
Who Can Become a Member of BOMA?
Any individual whose primary job or income is generated from commercial real estate can become a member of BOMA. Most members are investors, managers, analysts, property owners, or others closely associated with corporate or commercial real estate. Commercial real estate brokers, commercial mortgage brokers, and commercial architects also generally qualify. By becoming a member of BOMBA, CRE professionals can gain access to a network of individuals in the commercial real estate industry, as well as take advantage of BOMA’s various educational programs.
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Related Questions
What is the Building Owners and Managers Association (BOMA)?
The Building Owners and Managers Association (BOMA) is an international trade association for commercial real estate professionals. Founded in 1907, BOMA sets many of the standards for how commercial structures are measured, particularly focusing on office, industrial, multifamily, and retail properties. In addition to creating and updating building measurement standards, BOMA advocates for issues of interest to the commercial real estate industry, including capital gains tax relief, private property rights, and energy efficiency tax deductions. It also publishes BOMA Magazine, which helps CRE professionals stay up to date on various developments within the industry.
BOMA is considered a federation, as it consists of approximately 90 chapters across the U.S. and 18 international affiliates in countries including Canada, Australia, the United Kingdom, Brazil, China, Japan, Korea, Mexico, New Zealand, Russia, Panama, South Africa, Finland, Indonesia, and Greece.
Any individual whose primary job or income is generated from commercial real estate can become a member of BOMA. Most members are investors, managers, analysts, property owners, or others closely associated with corporate or commercial real estate. Commercial real estate brokers, commercial mortgage brokers, and commercial architects also generally qualify. By becoming a member of BOMBA, CRE professionals can gain access to a network of individuals in the commercial real estate industry, as well as take advantage of BOMA’s various educational programs.
What are the benefits of joining the Building Owners and Managers Association?
The Building Owners and Managers Association (BOMA) provides benefits to commercial real estate professionals through several services, including:
- Networking: By becoming a member of BOMA, CRE professionals can gain access to a network of individuals in the commercial real estate industry.
- Educational Programs: BOMA offers various educational programs to help members stay up to date on the latest developments in the industry.
What are the requirements for becoming a member of the Building Owners and Managers Association?
Any individual whose primary job or income is generated from commercial real estate can become a member of BOMA. Most members are investors, managers, analysts, property owners, or others closely associated with corporate or commercial real estate. Commercial real estate brokers, commercial mortgage brokers, and commercial architects also generally qualify.
By becoming a member of BOMBA, CRE professionals can gain access to a network of individuals in the commercial real estate industry, as well as take advantage of BOMA’s various educational programs.
What services does the Building Owners and Managers Association provide?
The Building Owners and Managers Association (BOMA) is an international trade association for commercial real estate professionals. BOMA provides a variety of services, including setting standards for how commercial structures are measured, advocating for issues of interest to the commercial real estate industry, and publishing BOMA Magazine to help CRE professionals stay up to date on various developments within the industry. BOMA also consists of approximately 90 chapters across the U.S. and 18 international affiliates in countries including Canada, Australia, the United Kingdom, Brazil, China, Japan, Korea, Mexico, New Zealand, Russia, Panama, South Africa, Finland, Indonesia, and Greece.
How can the Building Owners and Managers Association help me with my commercial real estate investments?
The Building Owners and Managers Association (BOMA) can help you with your commercial real estate investments in a variety of ways. First, BOMA sets many of the standards for how commercial structures are measured, which can help you make informed decisions when investing in commercial real estate. BOMA standards particularly focus on office, industrial, multifamily, and retail properties.
In addition, BOMA advocates for issues of interest to the commercial real estate industry, including capital gains tax relief, private property rights, and energy efficiency tax deductions. It also publishes BOMA Magazine, which helps CRE professionals stay up to date on various developments within the industry.
Finally, BOMA is considered a federation, as it consists of approximately 90 chapters across the U.S. and 18 international affiliates in countries including Canada, Australia, the United Kingdom, Brazil, China, Japan, Korea, Mexico, New Zealand, Russia, Panama, South Africa, Finland, Indonesia, and Greece. This network of professionals can provide valuable insight and resources to help you make the most of your commercial real estate investments.