Building Owners and Managers Association
Encyclopedia
The Building Owners and Managers Association (BOMA International), founded in 1907, is a professional organization for commercial real estate
professionals and is the oldest and largest in its field. Its membership includes building owners, managers, developers, leasing professionals, medical office building managers, corporate facility managers, and asset. It publishes The BOMA magazine. BOMA's North American membership represents a combined total of more than nine billion square feet (850 million m2) of downtown and suburban commercial properties and facilities.
is key function of BOMA International staff who monitor and lobby pertinent legislative, regulatory and codes/standards issues, including electricity deregulation, capital gains tax
relief, telecommunications, indoor air quality, private property rights, risk assessment, and codes and standards. Recently, BOMA International helped the industry secure key victories in capital gains tax relief, terrorism insurance
extensions and energy efficiency tax deduction
s.
BOMA International communicates the issues, trends, statistics and news of the commercial real estate industry to its member through several publications, 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.
In January, BOMA International sponsors a Winter Business Meeting and in the spring hosts the National Issues Conference.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "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; an item of real property; buildings or...
professionals and is the oldest and largest in its field. Its membership includes building owners, managers, developers, leasing professionals, medical office building managers, corporate facility managers, and asset. It publishes The BOMA magazine. BOMA's North American membership represents a combined total of more than nine billion square feet (850 million m2) of downtown and suburban commercial properties and facilities.
Purposes
AdvocacyAdvocacy
Advocacy is a political process by an individual or a large group which normally aims to influence public-policy and resource allocation decisions within political, economic, and social systems and institutions; it may be motivated from moral, ethical or faith principles or simply to protect an...
is key function of BOMA International staff who monitor and lobby pertinent legislative, regulatory and codes/standards issues, including electricity deregulation, capital gains tax
Capital gains tax
A capital gains tax is a tax charged on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property...
relief, telecommunications, indoor air quality, private property rights, risk assessment, and codes and standards. Recently, BOMA International helped the industry secure key victories in capital gains tax relief, terrorism insurance
Terrorism insurance
Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities....
extensions and energy efficiency tax deduction
Tax deduction
Income tax systems generally allow a tax deduction, i.e., a reduction of the income subject to tax, for various items, especially expenses incurred to produce income. Often these deductions are subject to limitations or conditions...
s.
BOMA International communicates the issues, trends, statistics and news of the commercial real estate industry to its member through several publications, 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.
Conferences
Each summer BOMA International hosts its Annual Conference and The Office Building Show. This premier education and networking conference and trade show brings together more than 4,000 commercial real estate professionals with groundbreaking educational sessions, renowned speakers and a showcase of cutting edge technology and products. A highlight of the annual conference is the presentation of the Office Building of the Year (TOBY) and Earth Awards, the most prestigious and coveted awards in the commercial real estate industry honoring outstanding performance in building operations and environmentally-friendly buildings.In January, BOMA International sponsors a Winter Business Meeting and in the spring hosts the National Issues Conference.