In BOMA International’s 2015 Industry Issues Report, the Building Owners and Managers Association International highlights information about the makeup of BOMA membership and their impact on the commercial real estate industry.
Membership by Function:
- 53% Property Manager
- 11% Building Engineer
- 11% Owner/Investor/REIT
- 9% Facility Manager
- 8% Asset Manager
- 4% Architect
- 3% Developer
- 1% Leasing Broker
Membership by Building Size:
- 90% manage more than 100,000 square feet of commercial space
Membership by portfolio size:
- 86% manage multiple buildings
- 34% manage more than 20 buildings
Industry Impact:
- $71.7 billion in new personal earnings
- $82.4 billion spent on building operating expenditures
- $227.6 billion contribution to US GDP
What is Expected in 2015
The 2015 report suggests that the industry shouldn’t expect much change in the low productivity of Congress. BOMA issues include:
- Energy and Environment
- Tax and Financial Issues
- Other Legislative Issues
- Codes and Standards
State and Local Issues within the federation of 91 BOMA U.S. associations are included in the 2015 Industry Report.
Founded in 1907, BOMA represents the owners and managers of all commercial property types, including 10.4 billion square feet of U.S. office space that supports 1.8 million jobs and contributes $227.6 billion to the U.S. GDP. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge.