How can standards like International Property Measurement Standards, etc. impact the industry? Also, why haven’t they been implemented?



  • How can standards like International Property Measurement Standards, etc. impact the industry? Also, why haven’t they been implemented?


  • EXPERT

    These standards are essential for transparency. Ultimately occupiers pay based on the area available to them. Given there is scope for a large difference in the stated area for the same space, there is potential for occupiers to be misled about how much space they are actually paying for. It also makes cross-border work more challenging and prevents easy comparison between assets. This erodes trust in the industry and can seriously affect decisions that are being made.

    We are currently seeing limited adoption of the new International Property Measurement Standards, particularly outside of the UK. However, part of this is due to awareness – Over time I expect more professionals to be aware of these standards and their benefits which should help to boost usage. However, you do see some landlords in particular who are reluctant to adopt IPMS as they don’t want to change their existing methods of measurement for their buildings.

    For more insights on surveying check out the episode I did with Denzity! https://youtu.be/lRp0f978Xvk


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