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May | June | 2015 CCIM.com
What do commercial real estate pros need to know?
International Property
Measurement
Standards
by Neil Shah
Suppose you're considering a purchase, such as a tablet,
and decide to comparison-shop among several dif erent
manufacturers. However, when you do a little research,
you f nd the specs for an item, such as storage capac-
ity, are measured dif erently from one manufacturer to
another. As a result, you're comparing apples to oranges
instead of apples to apples. You really don't know how
one tablet stacks up against another, even though they're
all the same type of device.
T at's the situation commercial real estate investors,
brokers, leasing agents — and, in fact, anyone dealing
with property — currently face and have faced through-
out history. T e way property assets, such as homes,
of ces, and shopping centers, are measured varies dra-