IPMS OFFICE

An independent structure forming part of a Property.

One of the main elements into which the Floor Area of a Building can be divided.

The total Floor Area attributed to one of the Components.

To separate the inside of a building from the outside, affording protection from the elements appropriate to the occupancy and the local climate.

The area of a normally horizontal, permanent, load-bearing structure for each level of a building.

The inside finish surface comprising 50% or more of the surface area for each vertical section forming an internal perimeter. A vertical Section refers to each part of a window, wall or external construction feature of an office building where the outside finished surface varies from the inside finished surface area of the adjoining window, wall or external construction feature, ignoring the existence of any columns.

The sum of the areas of each floor level of a Building measured to the outer perimeter of external construction features and reported on a floor-by-floor basis.

The sum of the areas of each floor level of an office Building measured to the Internal Dominant Face and reported on a Component-by-Component basis for each floor of a Building.

The Floor Area available on an exclusive basis to an occupier, but excluding Standard Facilities, and calculated on an occupier-by- occupier or floor-by-floor basis for each building.

Any real estate asset in the built environment.

Comprises Users, Service Providers and Third Parties.

Any entity providing real estate advice to a User Including, but not limited to, Valuers, Surveyors, facility managers, property managers, asset managers, agents and brokers, Space Measurement Professionals, cost consultants, interior designers and architects.

A Service Provider qualified by experience or training to measure Buildings in accordance with IPMS. 

Those parts of a Building providing shared or common facilities that typically do not change over time, including, for example, stairs, escalators, lifts/elevators and motor rooms, toilets, cleaners’ cupboards, plant rooms, fire refugee areas and maintenance rooms. See Common Facilities.

Any entity other than a User or Service Provider with an interest in property measurement including, but not limited to, governments, banks, other property financing bodies, data analysts and researchers. 

An owner-occupier, developer, investor, purchaser, vendor, landlord or tenant.

A Service Provider with an appropriate professional qualification in valuation or appraisal. 

Vertical Penetrations include stairs, lift/elevator shafts and ducts but any penetration of less than 0.25m2 is to be disregarded. 

Each part of a window, wall or external construction feature of an office Building where the inside finished surface area varies from the inside finished surface area of the adjoining window, wall or external construction feature, ignoring the existence of any columns.