Page 2B —
COLORADO REAL ESTATE JOURNAL
— September 21-October 4, 2016
Spotlight
he Denver Metro
Building Owners
and Managers
Association (BOMA)
has been in existence since
1920 and continues its march
toward 100 years of repre-
senting the commercial real
estate industry in the Denver
area. While many things
have changed, the mission of
the organization remains the
same – to advance the com-
mercial real estate industry
through advocacy, knowledge
exchange and professional
development. This year’s
theme “Stay Connected”
embraces the essence of
BOMA and its members.
BOMA’s strong membership
and proven track record con-
tinues to provide support and
assistance to the commercial
real estate community. Our
members, who work diligently
through BOMA commit-
tees, as well as the Board of
Directors and staff, are the
reason Denver Metro BOMA
is so successful. By staying
connected in all aspects of the
real estate and governmental
community, BOMA is able to
remain strong and successful
in representing the industry.
BOMA is the primary com-
mercial real estate association
focusing on protecting own-
ers’ assets and the industry
in the local jurisdictions in
Colorado. We partner with
and establish relationships to
help educate
government
officials on
the needs
of the com-
mercial real
estate indus-
try. BOMA
works with
officials in
Denver,
Greenwood
Village,
Arapahoe
County and
many other
local juris-
dictions’ fire
departments,
building departments and
regulatory agencies to ensure
that building owners have a
voice. We review legislation,
code and permitting changes
to calculate what the pos-
sible impacts would be on our
industry.
In addition to local advo-
cacy, BOMA intervenes
in utility cases before the
Colorado Public Utility
Commission (PUC). BOMA
is a member of the Colorado
Energy Consumers (CEC)
Group represented by Holland
and Hart. Currently, we are
working on a settlement in
the PSCo Phase II electric
rate case. The CEC also is
a party in the wind-farm
case and various other cases
that potentially could impact
BOMA members.
Denver Metro BOMA, the
only real estate association
that represents BOMA’s lob-
bying efforts, has been very
successful and has saved
property owners millions of
dollars in operating costs.
BOMA stays in front of many
issues that affect different
aspects of buildings and
operations and has worked
diligently on the adoption
of the amendments to the
2015 building and fire codes.
Thanks to BOMA’s reputation
in the community, great rela-
tionships and hard work of
many dedicated members, the
Denver City Council approved
the 2015 code amendments
in June with a package that
is amenable for BOMA mem-
bers.
Denver Metro BOMA’s
Government Affairs
Committee is actively work-
ing to protect the interests of
building owners and manag-
ers at the state Legislature.
The committee monitors and/
or takes positions on the 600-
plus bills that traditionally
are introduced in the legisla-
tive session each year. Since
2016 is an important election
year, BOMA is meeting with
state legislative candidates
to share BOMA’s concerns.
The BOMA Colorado PAC
also is making contributions
to selected candidates who
understand the commercial
real estate industry and our
industry’s issues.
By utilizing BOMA as an
advocate for its owners, prop-
erty managers can continue
to provide maximum value
to owners and their build-
ing assets. BOMA offers its
members myriad resources
to help achieve this, such as
the Denver wage and salary
survey, as well as national
resources such as the BOMA
International Experience
Exchange Report (EER),
which has been the industry’s
most-trusted resource for
benchmarking office buildings’
operational costs. Professional
development courses also are
available to BOMA members.
Such resources include edu-
cational classes, seminars,
monthly luncheons and other
industry-specific networking
events.
Denver Metro BOMA is an
organization of more than
450 professionals all focused
on the commercial real estate
industry. Getting to know oth-
ers in the industry increases
your resources and knowledge
base. Our owners and manag-
ers can help with trends in
the market and solutions to
problems. Our service provid-
er partners offer expert advice
on repairs, new technologies
and upgrades to buildings.
Overall, by having such a
large group of industry-specif-
ic members, BOMA can assist
in ensuring your property is
running efficiently and posi-
tioned properly in the market.
Join BOMA and experience
the benefits and results of
“staying connected” with the
most proactive organization
and our members. You won’t
be disappointed.
“Stay connected” in 2016!
here are billions
of reasons to take
notice. BOMA mem-
bers contribute more
annually to the U.S. GDP
than the pharma R&D or auto
industries. Through the 91
local associations in the U.S.
and 17 affiliates around the
world, BOMA International
represents the owners and
managers of all commercial
properties. In the U.S., the
10.4 billion square feet of office
buildings alone represented
by BOMA members generated
1.8 million jobs, $227.6 billion
in GDP and supported 46.6
million office workers. With a
mission to advance a vibrant
commercial real estate indus-
try through advocacy, influ-
ence and knowledge, BOMA is
the business partner helping
its members enhance NOI and
asset values.
Industry Best Practices Net
Higher Revenue –
At least
$1 per sq ft.
BOMA is the recognized
leader in developing high-
performance programs that
turn market-based best prac-
tice solutions into increased
profitability. Take BOMA 360
Performance buildings as an
example – they outperform
the market in attracting and
retaining tenants and gen-
erate higher net operating
income. The numbers speak
volumes:
•BOMA 360 buildings
achieve $1.77 more per sf
in revenue, according to the
BOMA Experience Exchange
Report (EER) than the aver-
age building in the Kingsley
Index.
•BOMA
360 buildings
achieve $1.04
more in rev-
enue than
the average
LEED certi-
fied building.
•BOMA
360 buildings
receive high-
er tenant
satisfaction
scores in all
54 Kingsley
quantitative
rating areas
including
property management, leas-
ing, maintenance, security and
property features.
BOMA Sets the Standard for
PropertyMeasurement
–
Rentable square footage
increases 2-3 percent
For 100 years, BOMA has
set the standard for measur-
ing commercial buildings. In
1915, it published its first
ANSI-certified standard for
measuring office buildings.
Today, the standards have
evolved to include industrial,
multiunit residential, retail
and mixed use, as well as gross
area. By measuring a property
to the BOMA standard, rent-
able square footage typically
increases by 3 percent.
BOMA Fights Against
Costly Code Changes –
Saving the industry more
than $6 per sq ft.
BOMA International is the
only CRE association with a
voting seat at the International
Code Council (ICC) table, pro-
moting and enforcing effective
building codes. And Denver
Metro BOMA was the only
commercial real estate associa-
tion representing commercial
buildings at the table when
Denver was amending the 2015
code package.
Throughout the three-year
development cycle of the 2015
I-Codes, BOMA’s representa-
tion was instrumental in sav-
ing the industry more than $6
per sf for existing buildings,
mostly in avoided costs.
Vital Industry Intelligence
Increases Asset
Performance –
Operating
cost efficiencies of 3
percent
BOMA’s EER has three
times more usable data than
any other comparable source,
providing benchmarking data
on energy costs, operating
expenses, taxes and more to
drive a more profitable bottom
line – underscoring an industry
focus on maximizing building
efficiency and smart asset man-
agement. Property profession-
als have experienced up to a 3
percent savings in operating
costs as a result of increased
operating efficiencies by bench-
marking through the EER.
BOMA Involvement
Increases Your ROI –
The
Numbers Tell the Story
Consider the impact BOMA
involvement in Denver
Metro BOMA and BOMA
International makes on a typi-
cal 100,000-sf office building
charging $20 per rentable sf
with $7.50 per sf in operating
expenses and a cap rate of 8:
•$1 per sf gained from imple-
menting best practices from
BOMA 360 = $100,000
•2-3 percent gain in rentable
square footage by correctly
measuring to the BOMA stan-
dard = $50,850
•10 percent of total captured
savings of $6 per sf through
last building code cycle =
$60,000
•3 percent efficiency in
operating costs through EER
benchmarking = $22,500
• Total potential property
value increase of $2.9 million.
T
T
John
Whitlock,
RPA
LBA Realty, 2016
Denver Metro
BOMA President
Jeannie
Bernard, CAE
Executive Vice
President, Denver
Metro BOMA
By utilizing BOMA as an
advocate for its owners,
property managers can
continue to provide maximum
value to owners and their
building assets.
