Understanding property assets is vital to all stakeholders, from investors and developers, to owners and occupiers.

The standards set a consistent approach for measuring all types of buildings including office, residential, industrial, retail and mixed use. IPMS defines which areas to include in the measurement, depending on the property type and purpose of use.

International Property
Measurement StandardsInternational Property Measurement Standards will initially appear alongside established domestic measurement systems, providing further value to the end users of measurement information and futureproofing real estate assets.RICS was a founding member of the Coalition which includes over 80 international professional standards organisations. RICS was the first professional body in the world to implement International Property Measurement Standards.

Consistent property measurements enable businesses to:

Effectively and efficiently manage facilities
Consistently assess valuation data
Benchmark and compare properties
De-risk property transactions and leases

"Make sure you are offering or requesting IPMS as a basis of property measurement."

“There is an immediate benefit to property users, investors and developers who work across borders, but even within a regional or local market, the ability to benchmark property measurement information consistently and on an international basis is hugely valuable.”

Scott McMillan FRICS, Division Chief,
International Monetary Fund (IMF)

RICS.org/standards