MONTREAL, Sept. 23, 2014 /CNW Telbec/ - Next Thursday, September 25th, BOMA Québec will launch its new BUILDING CLASIFICATION GUIDE during a luncheon at the Courtyard Marriott Hotel, 380 René Lévesque Boul. West, Montreal.
Building class definitions categorize office buildings as Class A, Class B and Class C. In many markets, Class A can be subdivided into sub-categories such as Prestige, AAA, AA and A. New categories have even started to emerge, such as Class I (industrial converted to office). Commercial real estate agents, owners and managers determine the class of each building. The groups consider several factors when determining the different classes.
The evaluation criteria used to determine a building's classification allow the various actors in the commercial office building sector to share a common language and to identify market conditions per category, in an organized and readily comparable manner.
Keep in mind that class definition is not a science, as there are no formal or international standards established. However, the ratings refer to building specifics. The inventory of office space in a metropolitan market makes a distinction between Class A, B, and C buildings.
BOMA Quebec is the Quebec Building Owners and Managers Association. It has more than 400 members representing 85% of commercial Class A buildings in Quebec. Some 25% of members do volunteer work on our committees, thereby helping to make BOMA Quebec the most active and dynamic association in the industry. A leader in the industry since 1927, over the years it has become a major force in the Quebec real estate sector because of its active role in addressing pressing issues, its training programs, its innovative approach to responsible environmental management via its BOMA BESt certification program, and its Standard Method of Measurement which has become an industry benchmark. It is affiliated with BOMA Canada and BOMA International, which has offices in a dozen countries such as Australia, Russia and Japan. BOMA has 16,500 members in North America who own and manage more than 9 billion square feet of commercial space.
For further information: For reservation : Mélanie Vigneault, 514 282-3826, poste 0, [email protected]; For information : Linda Carbone, Directrice générale, 514-282-3826, poste 2012, [email protected]