International Property Measurement Standards
The International Property Measurement Standards Coalition (IPMSC) is a group of more than 80 professional and not-for-profit organisations working to develop international standards for measuring property. It was formed during a meeting at the World Bank in Washington in May 2013.
On 26 September 2016, the coalition published the International Property Measurement Standards (IPMS): Residential Buildings, the second in a series of global, open-source standards, the first being the International Property Measurement Standards (IPMS): Office Buildings, published in November 2014.
The coalition intends to develop additional standards for industrial buildings and retail buildings. Other classes of property may also benefit from the development of standards, such as schools, hospitals, hotels and student accommodation.
The standards are intended to establish a consistent approach to measuring buildings, particularly important given the growth of cross-border property investment and the expansion of global corporations.
Research by JLL has revealed that measurement of a property’s floor area can vary by as much as 24% depending on the method used. Some methods include lift shafts and communal hallways, others include off-site parking or swimming pools, and so on. The creation of International Property Measurement Standards helps establish a more transparent marketplace, resulting in stronger investor confidence.
[edit] Related articles on Designing Buildings Wiki
- Area.
- Beneficial occupation.
- BOMA International.
- Case notes for rating valuation (Garton V Hunter).
- Choice of method for rating valuation.
- Contractor’s basis for rating valuation.
- Conversion of material volumes.
- Gross external area.
- Gross internal area.
- Measurement.
- Metric system.
- Net internal area.
- Occupant capacity of a building or space.
- Profits method of rating valuation.
- Rating valuation.
- Rental method of rating valuation.
- Statutory formulae for rating valuation.
- Total useful floor area.
- Units.
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
Bridging the gap between clients and contractors
Concerns remain around contractor quality, capability, and delivery.
Construction Management, 10 June.
Heat pumps beat boilers in new home tests.
Building Safety Act implementation in Wales
CIAT to host industry panel on 26 June.
New and updated CLC building safety guidance.
New UK National Buildings Database.
Building Safety Wiki Interviews
Chief executive of the British Woodworking Federation.
Planning condition discharge in England and Wales
A brief explanation from a building compliance expert, with further links.
Overheating guidance and tools for building designers
Guidance for dealing with element of building fabric control that have increasing importance.
Shading for housing, a design guide
From the Good Homes Alliance and British Blind and Shutter Association.
UK Standard Skills Classification (SSC)
A shared framework for describing skills needs.
Social media ban consultation comes to close
CIOB urges UK Government to consider social media’s role in careers guidance in ban debate.