BOMA's State of the Market
Also this morning, we sat down with BOMA prez/COO Henry Chamberlain to get an update on the org's six-month-old strategic plan. You can probably deduce from the flags behind him that it's quite worldly—Henry says he has been traveling with BOMA officers for much of the past few months talking to owners and institutions about the value of BOMA and building its international reach (now at 93 US affiliates and 17 more worldwide, with 16 additional countries repped at the conference). Countries it's specifically targeting for growth are Mexico, China (the second BOMA conference in Shanghai is in September), Australia, New Zealand, South Africa, and Japan. (Picking a World Cup favorite must be hard.)
Henry points to one of the BOMA 360 program's newest designated buildings, the Hongo Segawa Building in Tokyo, while China has its very first entry in the TOBY Awards this year. He says BOMA's reach now totals $200B in real estate and nearly 10M SF of office space with 44 million occupants in the US alone. With global a key part of BOMA's strategic plan, the new international office building measurement standard, which BOMA is implementing with input from 40 groups worldwide, is due to be released later this year. Other initiatives include beta testing a new BOMA industrial properties database and research on all the hot topics building managers need to know, like office densification.