The Building Owners and Managers Association (BOMA International), founded in 1907, is a professional organization for commercial

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

professionals based in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

and

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. Its membership includes building owners, managers, developers, leasing professionals, corporate facility managers, asset managers, and the providers of the products and services needed to operate commercial properties and it publishes ''The BOMA magazine''. BOMA's U.S. membership represents a combined total of nearly 10.4 billion square feet of office property that supports approximately 1.8 million jobs.

Purposes

Advocacy is key function of BOMA International staff who monitor and lobby pertinent legislative, regulatory and codes/standards issues, including electricity deregulation,

capital gains tax A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. Not all countries impose a c ...

relief, telecommunications, indoor air quality, private property rights, risk assessment, and codes and standards. BOMA International has been working towards securing goals in capital gains tax relief,

terrorism insurance Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities. It is considered to be a difficult product for insurance companies, as the odds of terroris ...

extensions and energy efficiency

tax deduction Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. T ...

Publications and standards

BOMA International has several publications to communicate various topics to its members, including ''The BOMA Magazine'', the official publication of BOMA International; the ''Experience Exchange Report'', a compilation of income and expense data for office buildings across North America reporting on over 1 billion square feet of office space and the industry benchmark for more than 85 years; as well as several “how-to” guidebooks with information on everything from writing a commercial real estate lease to standard methods for measuring floor area. * The ''BOMA Method for the Measurement of Buildings'' has become an international standard for determining the dimensions of buildings.

Architects An architect is a person who plans, designs and oversees the construction of buildings. To practice architecture means to provide services in connection with the design of buildings and the space within the site surrounding the buildings that h ...

find this method of area analysis to be easy to use for measuring rentable and usable square footage.

International affiliates

International Affiliates who operate for BOMA International in other countries outside of the US are listed below: *Australia (Property Council of Australia) *Brazil (Associacao Brasileira das Empresas do Mercado Imobiliario (ANMI)) *Canada (BOMA/Canada) *China (China Office Building Owners and Managers Association (COBOMA)) *Finland (Finnish Association of Building Owners and Construction Clients (RAKLI)) *Greece (Greek Green Building Council) *Indonesia (BOMA Indonesia) *Japan (Japan Building Owners and Managers Association (BOMA Japan)) *Korea (Korea Building Owners and Managers Association (KBOMA)) *Mexico (BOMA Mexico, Instituto Mexicano del Edificio Inteligente y Sustentable, A.C. (IMEI)) *New Zealand (Property Council New Zealand) *Panama (Associacion de Propietarios de Inemuebles (API)) *The Philippines (BOMA of the Philippines, Inc. (BOMAP) & Philippine Association of Building Administration, Inc. (PABA)) *Russia (Guild of Property Managers and Developers (GMD)) *South Africa (South African Property Owners Association (SAPOA)) *United Kingdom (British Council for Offices (BCO)) Each affiliate may pursue initiatives unique to their respective nation independent of BOMA International such as BOMA Canada's BOMA BESt program

Conferences

Each summer BOMA International hosts its Annual Conference and The Office Building Show. In January, BOMA International sponsors a Winter Business Meeting and in the spring hosts the National Issues Conference.

Professional certifications

BOMI offers the following

professional certifications Professional certification, trade certification, or professional designation, often called simply ''certification'' or ''qualification'', is a designation earned by a person to assure qualification to perform a job or task. Not all certifications ...

/ credentials for real estate professionals:

References

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External links

Official website
Real estate-related professional associations Real estate industry trade groups