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Joel Corley Director, BOMA 360 Performance Program 202-326-6358 boma360@boma.org.

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Presentation on theme: "Joel Corley Director, BOMA 360 Performance Program 202-326-6358 boma360@boma.org."— Presentation transcript:

1 Joel Corley Director, BOMA 360 Performance Program

2 What is the BOMA 360 Program?
Validation and Industry Recognition of Buildings that demonstrate Best Practices encompassing all major aspects of Building Management and Operations Over 1600 Designations Awarded Since 2009 Buildings in U.S., Canada, Colombia, Japan & China

3 What is the BOMA 360 Program?
Market research identified need to differentiate how commercial properties are managed Other programs focus only on certain areas of operations, such as energy performance and sustainability The BOMA 360 Performance Program is a holistic evaluation of all major areas of building management and operations

4 BOMA 360 Scope of Assessment
Prerequisites Building Operations & Management LIFE SAFETY/ SECURITY/ RISK MANAGEMENT TRAINING & EDUCATION Energy ENVIRONMENTAL/ SUSTAINABILITY TENANT RELATIONS/ COMMUNITY INVOLVEMENT Evaluates building performance against industry best practices in all major areas of building operations and management Must satisfy minimum point requirements in each area to receive designation

5 Value of the BOMA 360 Program

6 Top Management Companies
Over 125 Companies Worldwide

7 BOMA 360 = Better All-Around
Kingsley Index (2016) BOMA 360 buildings rate higher in 53 of 57 rating areas of the Kingsley Index. 95% of tenants in BOMA 360 buildings report high overall satisfaction with property management 91% of tenants would recommend their office building to others v. 86% in non360 buildings CoStar (2017) BOMA 360 buildings command higher rents than other Class A buildings BOMA 360 buildings have higher tenant retention rates than other Class A buildings BOMA 360 buildings have lower vacancy rates than other Class A buildings

8 2016 Kingsley Analysis – Composite Index v. BOMA 360

9 What’s the Application Process?
Create User Profile(s) 2 minutes Multiple users Simultaneous access Add Building(s) 10 Minutes Portfolio discounts Upload Documents 1 day–1 Month* All online Save as you go TOBY Waiver* Submit Application Fees from $900-$2280* CC or Invoicing $300 TOBY winner discount Application Reviewed Reviewed quarterly by staff Notified if changes needed Documentation secure Designation Awarded Valid for 3 years Plaque/Toolkit Case Studies Revenue share for local association Administered by an independent council of industry professionals Entire application process completed through online portal & reviewed by BOMA International staff

10 It Pays to be a BOMA Member
Cost It Pays to be a BOMA Member BOMA Member Non-Member Under 100,000 sf $900 $1,140 100,000 – 299,999 sf $1,140 $1,500 300,000 – 599,999 sf $1,500 $1,920 600,000 sf and over $1,800 $2,280

11 Top BOMA Local Associations
Over 70 Global Markets

12 Director, BOMA 360 Performance Program
BOMA 360 Performance Program Recognizing Excellence in Building Operations and Management Joel Corley Director, BOMA 360 Performance Program


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