Commercial real estate perspective

Why consistency matters across a portfolio

Adam Boskovich · Stevenson Systems

Start with the basis of comparison

Two buildings may report similar square footage while using different measurement conventions. Portfolio analysis becomes more useful when those differences are visible.

Create an inventory of measurement records

For each asset, record the date of the report, the methodology and edition, the property type, and the source drawings. This provides a practical starting point for review.

Prioritize the gaps

Assets with missing documentation, substantial alterations, or upcoming transactions can be sensible places to begin. Priorities should reflect the owner’s actual business needs.

Keep a clear record

Preserve the basis of each figure and document subsequent changes. Consistency is as much about traceability as it is about selecting a methodology.

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