What are the International Property Measurements Standards?

The International Property Measurement Standards (IPMS) provide globally recognised methods for assessing building measurements and do away with the inconsistencies that would be seen if properties are measured differently.

Whether the buildings are industrial, office, residential or retail, it is really important to have global consistency in the way areas are measured. In the real estate industry, consistency in measurement standards can make or break accurate property valuations.

What are the IPMS measurement types and when should they be used?

IPMS 1 (Gross External Area): This includes exterior walls, covering the entire footprint of a building. It’s perfect for broad property comparison, which makes it particularly useful for developers and planners regulating building sizes across cities or regions.

IPMS 2 (Interior Wall Area): This focuses on internal spaces, providing clarity on usable internal areas. This measurement is ideal for detailed property assessments, space planning, or understanding layout efficiency.

IPMS 3 (Occupation Area): This measures the usable area occupied by each tenant. This is vital when it comes to lease negotiations and tenant cost allocations, particularly in multi-tenanted properties, and supports transparent leasing agreements.

Why do IPMS matters for global real estate?

Standardised measurement allows buyers, investors, and professionals worldwide to compare properties accurately and transparently, supporting better decisions and fair valuations.

IPMS is essential for anyone involved in real estate, from investors to tenants, especially for surveyors such as ourselves. Forge Property uses the IPMS to ensure precise and transparent property measurements. This standardised approach allows our team to offer reliable valuations and comparisons for clients, aligning with globally recognised standards in real estate, ensuring that every square metre is measured consistently, fairly, and transparently. For detailed information, check out the official IPMS guide.

If you need assistance with valuations, surveys, or any landlord and tenant matters, contact our team here https://www.forgeproperty.co.uk/contact-us/.