5 questions that decide your load factor.
Same walls, different load factors, and both can be correct. The difference is five decisions owners make, or inherit.
You'll leave with
- Five questions to ask before your next lease, renovation, or sale
- A worked example on one 250,000 SF building
- What BOMA 2024 changed for load factors
Presented by Adam Filbin, Senior Account Director
From the team that helps write the BOMA standard
Save your seat
Tuesday, December 8 · 11 AM PT · 60 minutes including Q&A
Can't make it live? Register anyway and we'll send the recording, the slides, and a one-page summary the same day.
Same walls. Different number.
Both correct.
A load factor looks like a measurement, and most owners treat it as one. In practice it's the result of a handful of decisions: which BOMA edition and method the leases cite, what each amenity is for, whether the factor is capped, how the floors are laid out, and how a new number makes its way into the rent roll.
Those decisions have a price. On one 10,000 SF suite at $40 per RSF, 5 points of load factor is $20,000 a year. Across a 215,000 SF building at a 6% cap rate, the same 5 points is roughly $430,000 a year and about $7M of value. Most of that sits with choices the owner controls, and many of those choices were made years ago by someone else.
The questions, and what to do with the answers.
- The five questions to ask about any building's load factor, and the decision each one points to
- What BOMA 2024 changed for load factors, including why a building can gain rentable area and lower its shared load at the same time
- How capped load factors work, and why uncapped area is deferred rather than lost
- A worked example that applies all five questions to one 250,000 SF building, with a running tally of rentable area, rent, and value
Taught by the team that helps write the BOMA standard.
Stevenson Systems has spent more than 40 years measuring commercial buildings, and two members of the team helped write the BOMA standards your leases cite. When a load factor question comes up, the interpretation is definitive rather than a second opinion.
On average, clients find 3 to 4% additional rentable area in Class A properties, based on engagements over the last five years. That figure is an average, not a guarantee, and the buildings most likely to land there are the ones this session is built around: tenant-built outdoor amenities, converted amenity floors, a last measurement under BOMA 2010 or earlier, or a total that was never field-verified.
- Years of measurement experience
- 40+
- Buildings measured
- 12,500+
- In verified asset value
- $15B
- Team members who helped write the BOMA standard
- 2
Your presenter
Adam Filbin
Senior Account Director, Stevenson Systems
Adam Filbin has spent more than two decades at Stevenson Systems helping owners, investors, and asset managers understand what their buildings are worth, square foot by square foot. Since joining SSI in 2000, he has worked on more than 3,000 commercial projects, and he is one of two BOMA measurement standards co-authors on SSI's staff. That puts him in the room where the standards are written, not just reading them after they're published.
Adam treats measurement as the starting point of the work. The real job is advising clients on how to get the most value out of a building: scoping the right approach, explaining exactly what a project will and won't cover, and helping them manage their space data long after delivery. He is fluent in BOMA floor measurement standards, AutoCAD, and Revit, and he works with SSI's corporate accounts across office, industrial, and mixed-use portfolios.
- Experience
- 3,000+ commercial projects since 2000
- Standards
- BOMA measurement standards co-author
- Portfolios
- Office · Industrial · Mixed-use
Who this is for
Owners & asset managers
See which load factor decisions you've made and which you've inherited, and what each one is worth.
Leasing teams
Answer the first three questions a tenant-rep broker asks about your factor before they're asked.
Property managers & lease admins
Know what happens to the factor when a floor splits, an amenity opens, or a tenant adds a terrace.
Acquisitions & underwriting
Read a load factor on an inherited rent roll and know which questions to ask before pricing.
Tuesday, December 8 · 11 AM PT · 60 minutes including Q&A
Is it free?
Yes. There is no cost to attend.
When is it?
Tuesday, December 8, at 11 AM PT. The session runs 60 minutes including Q&A.
How do I join?
The webinar is hosted on Microsoft Teams. Your calendar invite includes the link, and we'll send a reminder the morning of.
Will it be recorded?
Yes. Every registrant receives the recording, the slides, and a one-page summary the same day, whether or not you attend live.
Who is it for?
Anyone whose decisions depend on a load factor: owners, asset managers, leasing teams, property managers, lease administrators, and acquisitions teams.
Did I need to attend the first webinar?
No. This session stands on its own. If you did attend, nothing here repeats it; the first session was about finding rentable area, and this one is about the ratio that turns it into rent.
Can I ask questions?
Yes. Submit them through the Q&A panel at any point, and there's an open Q&A at the end.
Do I need to know the BOMA standards?
No. The session explains the relevant changes in plain English and teaches the vocabulary as it goes.
Can you look at my building?
Yes. Every registrant can request a no-cost Rentable Area Opportunity Assessment on one building.
Save your seat
Tuesday, December 8 · 11 AM PT · 60 minutes including Q&A
Can't make it live? Register anyway and we'll send the recording, the slides, and a one-page summary the same day.