BOMA: A Pivotal Entity in Real Estate
BOMA unites the global commercial real estate community through standards, advocacy, education, and sustainability programs, serving as a vital platform for collaboration, innovation, and industry excellence.
What is BOMA?
The Building Owners and Managers Association (BOMA) is an entity within the commercial real estate sector which serves as a unifying force, bringing together diverse stakeholders ranging from property managers to investors, with the aim of fostering a collaborative environment. At the heart of BOMA's mission is the enhancement of communication and knowledge exchange among members of the commercial real estate community.
BOMA is a platform for dialogue and learning and a beacon of sustainability in the industry.
BOMA International
BOMA International, serves as the overarching organization for BOMA entities worldwide, including BOMA Canada. Its scope and services are designed to address the global needs of the commercial real estate industry. Here are the key features of BOMA International:
Global Reach: BOMA International encompasses a wide network of affiliates and members across the globe, offering a platform for international collaboration, knowledge exchange, and advocacy on a global scale.
Broad Resources: It provides a wealth of resources, research, and best practices that cater to the global commercial real estate community, addressing international trends, technologies, and sustainability practices.
Global Standards: BOMA International is known for developing and promoting globally recognized standards for building management and operations, such as the BOMA Standard for measuring floor space.
International Advocacy: It advocates on behalf of the commercial real estate industry at international forums, working to influence global policy and economic conditions that affect the sector.
Worldwide Events and Education: Through its global summit, educational programs, and webinars, BOMA International offers opportunities for professional development and networking on an international level.
Key Programs and Initiatives
BOMA Canada is renowned for several key programs and initiatives that aim to enhance the commercial real estate sector's sustainability, efficiency, and overall performance. Here are some of the most notable ones:
1. BOMA BEST (Building Environmental Standards)
This is the flagship program of BOMA, focusing on environmental performance and sustainability in commercial buildings. BOMA BEST is a national certification program that assesses buildings against best practices in energy management, water conservation, waste reduction, indoor air quality, and other critical environmental metrics. It serves as a benchmark for owners and managers to improve their buildings' performance and sustainability footprint.
2. BOMEX
BOMEX is the annual national conference hosted by BOMA, which serves as the premier event for networking, education, and innovation in the commercial real estate industry. The conference features keynote speakers, workshops, and panels that cover a wide range of topics relevant to the industry, including technological advancements, market trends, and management best practices.
3. BOMA Awards
BOMA recognizes excellence in the commercial real estate industry through its awards program. These awards celebrate the achievements of buildings and individuals who have demonstrated exceptional performance and commitment to quality. Categories include The Outstanding Building of the Year (TOBY) Awards, which honor the best of the best in commercial buildings across various size and use categories.
4. Advocacy and Public Affairs
BOMA plays a critical role in advocating on behalf of the commercial real estate industry at both the federal and provincial levels. The organization works to influence public policy and regulation that impact the sector, ensuring that the interests of its members are represented in legislative and regulatory decisions.
5. Education and Training
To support the professional development of its members, BOMA offers a range of educational programs and resources. These include online courses, workshops, and seminars that cover topics such as property management, building operations, sustainability practices, and leadership development. BOMA's educational initiatives are designed to elevate the skills and knowledge of professionals within the industry.
6. Research and Publications
BOMA conducts research and publishes reports on trends and issues affecting the commercial real estate industry. These resources provide valuable insights into market dynamics, sustainability practices, and operational benchmarks, helping members stay informed and competitive.
BOMA stands out for its comprehensive approach to addressing the challenges and opportunities within commercial real estate. By bringing together a diverse array of stakeholders, including property managers, owners, developers, and service providers, BOMA creates a rich environment for networking, learning, and collaboration.
