Commercial real estate perspective

Connecting measurement to the business of real estate

Adam Boskovich · Stevenson Systems

Square footage is part of a larger picture

Area information informs discussions about leasing, occupancy, and asset performance. Its usefulness depends on how well the figures are documented and understood.

Separate measurement from contractual treatment

A measurement report describes an area calculation. How that information is treated in a lease or transaction also depends on the relevant agreement and the parties involved.

Ask what a discrepancy means

When documents disagree, first identify the source of the difference. Avoid assuming that a change in measured area automatically creates additional revenue or value.

Use better information to support decisions

The practical goal is reliable documentation that helps owners, asset managers, and leasing teams work from a shared understanding of the building.

General industry perspective. Asset-specific conclusions require review of the applicable records, agreements, and measurement methodology.