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Building Occupancy Rate :
The rate of usage area to the total available area in the building.
Building Usage :
Expresses the functions that the building serves. For example, Office, Shopping Mall, Hotel etc.
Build-to-suit Model :
Following the signing of an unbreakable contract between the potential tenant and the developer, to build a building that is suitable for the needs of the user.
Building Use Permission (Occupancy Permission) :
The document given by the municipality following the inspection of the building for the compliance of the approved project.
BOMA Building Owners and Managers Association :
A national real estate organization. BOMA, through the Building Owners and Managers Institute, conducts educational programs leading to the Real Property Administrator (RPA) certification