Newton Perkins Measures Up
the aim of standardising the treatment and transparency of office floor areas
worldwide, the RICS has introduced a new Code for the measurement of office
what effects will this have on Newton Perkins’ clients?
the start of January (2016) “IPMS” (“Professional statement: office
measurement, being Part 1 of RICS property measurement 1st edition May 2015” )
applies to bring UK practice into line with other countries including the US,
India and Far East. The new Code replaces the Code of
Measuring Practice (6th edition) 2007.
will only apply initially to offices (but is likely to be expanded in the
future to cover retail, residential, industrial and other property types).
replaces the long established “NIA” (net internal office area). IPMS(3) floor
areas and includes columns, balconies and terraces. The Code proposes use
of the term “usable office area” instead of “net internal area”.
buildings with substantially glazed fenestrations will be affected where more
than 50% of the height of the wall is glazed (“dominant widow reveals”) . Under
IPMS (3) the floor area of dominant window reveals is
to be included (rather than being excluded under NIA).
replaces Gross Internal Area and will report on the component areas of common
parts (rather than just as one area as under GIA).
replaces Gross External Area and will include balconies and roof terraces.
Code is mandatory for RICS member firms
is expected both IPMS and NIA/OUA areas will
be quoted (in imperial and metric!). IMPS areas will in almost all cases be larger
areas than NIA/OUAs
but unusable areas will be quoted separately under IPMS.
new Code is expected to create additional work for specialist measuring
companies such as Pure Real Estate Services (www.pureres.co.uk)
the foreseeable future NIAs/ Usable Office Areas will continue to be used for
rental and capital value purposes and calculations.
It is currently unclear whether office properties need to be
re-measured for the 2017 Rating Revaluation?.
more discussion on the impact of IPMS please contact Jamie Nurcombe or David
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