Which international standard measures property floor areas and was first published by the IPMSC in 2014?

International Property Measurement Standards measure property floor areas and were first published by the International Property Measurement Standards Coalition in 2014.

The standards were created because property areas had historically been measured and reported differently across countries, and sometimes even differently within the same market. Those differences made it harder for investors, occupiers, lenders, and valuers to compare buildings accurately.

IPMS establishes consistent definitions and measurement approaches for different property types, including offices, residential buildings, industrial buildings, and retail property. The standards address areas such as internal floor area and overall building measurement, with rules intended to improve transparency.

IPMS is not a building-safety code and does not replace local planning or construction regulations. It is also distinct from valuation standards, which govern how value is assessed. The coalition includes professional organizations from the international property and surveying sectors, and the standards have been revised and expanded since the first publication.