Founded in 1907, the Building Owners and Managers Association (BOMA) International is a federation of U.S. local associations and global affiliates. The leading trade association for commercial real estate professionals for more than 100 years, it represents the owners, managers, service providers and other property professionals of all commercial building types, including office, industrial, medical, corporate and mixed-use. BOMA International is the partner individuals in the commercial real estate industry choose to maximize value for their careers, organizations and assets. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge.
The COVID-19 pandemic has changed how property professionals are approaching budget season for 2021 and how they are reforecasting income, operating expenses and capital expenses to predict their property's financial performance at the end of 2020. In finalizing their reforecasts, property professionals are also recalculating projected operating expense pass-throughs to tenants for the current year. BOMA International and InspiRE Commercial Real Estate Services have partnered to create a resource to help you navigate the new uncertainties surrounding operating expense calculations and reconciliations. The Impact of COVID-19 on Operating Expense Pass-Throughs in Commercial Real Estate provides guidance on steps to take now to ensure a smooth transition into 2021.
Looking for additional resources on this topic? Check out BOMA International’s Escalation Handbook for Office Buildings and stay tuned for an upcoming webinar on navigating OpEx calculations and reconciliations during the pandemic in the coming weeks.
Visit BOMA.org for additional information.
BOMA INTERNATIONAL'S CORONAVIRUS RESOURCE CENTER
As global concern over the novel coronavirus (now known as COVID-19) increases, BOMA International is actively working to provide commercial real estate professionals with credible information on how to mitigate the potential health and business impacts. Based on information from the U.S. Centers for Disease Control and Prevention (CDC), BOMA International has released a series of guidance documents to help property professionals navigate this public health concern.
BOMA International will continue to monitor this issue as it develops, and resources will be posted regularly to www.boma.org/coronavirus. Members should refer to the CDC and World Health Organization (WHO) for up-to-the-minute updates and best practices.
BOMA INTERNATIONAL'S 2020 SUMMER CONVENTION AND EXPO IS NOW
The entire virtual conference is available to view on demand. As a registered attendee, you can access the general sessions, virtual education and TOBY® Awards ceremony from the comfort of your home or office at no additional charge.
Visit the exhibit hall to explore the industry’s best solutions from our vendor partners—everything you need to create and sustain competitive, high-performance buildings. Check out the Virtual Directory and Show Guide to find the exhibitors you need to help you solve any workplace challenge. Click here to view more.
BOMA Magazine is the official news magazine of the Building Owners and Managers Association (BOMA) International. It is the number one source for the latest news and information on legislative, regulatory and codes activities, statistical trends and forecasts and emerging technologies impacting commercial real estate.
Find out about the important issues affecting the commercial real estate industry. See what members of the commercial real estate’s premier association are reading. Stay on top of news and events at BOMA International.
BOMA International's dynamic leadership is made up not only of 5 elected officers and an elected Executive Committee, but it also includes the voices of all Local BOMA Associations through a 119 member Board of Governors.
BOMA delivers quality programs to meet members' changing educational needs and through unprecedented legislative advocacy efforts BOMA protects member interests. BOMA's influence is expanding through a growing membership and its achievements are the result of a strong, stable financial base.
For more information, visit BOMA International at www.boma.org