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International Property Measurement Standard for Offices
Posted on: 26 March 2014
By: mackene
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Filed under: News
Consultation is taking place on the development of an international property measurement standard for offices (IPMS for Offices). IPMS seeks to standardise the way office space is measured around the world, creating transparency and promoting market efficiency and confidence in the minds of all property users. The rise in cross-border property investment and expansion by global corporate occupiers underpins the demand for transparency against the backdrop of many differing national and local measurement practices. A consultation draft was published in January 2014 with the deadline for comments set for 4 April 2014. Feedback submitted during the three-month consultation will be considered and incorporated into the standard by the Standards Setting Committee (SSC), prior to the launch of the final draft in June 2014.
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