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Woodfine Projects

The buildings-and-places record for Woodfine Capital Projects Inc.: six development classes, the design system behind them, and the site-selection method built on established retail anchors. Articles span regional markets across North America and Europe, the planned development program, and the maps and data behind the analysis.

Woodfine Capital Projects

Revision as of · 6c43b303

Historical revision — this record as it stood on 8 September 2026, not the current version. View the current record →

BOMA standard

BOMA — the Building Owners and Managers Association — publishes the measurement standards used as the common basis for commercial real estate floor area reporting across North American markets. The BOMA Office Standard (ANSI/BOMA Z65.1) defines Rentable Area, Usable Area, and the loss factors derived from core and common-area deductions, establishing a shared measurement language between landlords, tenants, and brokers.

BOMA measurement is the floor area baseline for Woodfine professional centre floor plate reporting, lease documentation, and building-to-building comparison within the portfolio.

Rentable versus usable area

The BOMA standard distinguishes two primary area measures:

Usable Area is the space a tenant exclusively occupies — the demised area inside the demising walls, excluding the building core and multi-tenant common areas. It represents the space a tenant configures and operates.

Rentable Area adds a proportionate share of the building's common areas — lobbies, corridors, service areas — to the Usable Area, producing the area against which the lease rate is applied. Two related but distinct figures describe this relationship: the load factor is the ratio of Rentable Area to Usable Area — a multiplier, typically around 1.15 — while the loss factor is the difference between Rentable and Usable Area expressed as a percentage of Rentable Area, typically around 13%. Both reflect how efficiently the building converts gross area to tenant-exclusive use, but they are not interchangeable: the load factor multiplies Usable Area up to Rentable Area, while the loss factor states what share of Rentable Area is common-area allocation.

Woodfine fixed floor plates are designed to optimize the Rentable-to-Usable ratio by minimizing the core footprint relative to the plate's total area. A smaller building core relative to the plate produces a lower load factor, meaning tenants obtain more Usable Area per unit of Rentable Area paid.

Floor plate subdivisions and BOMA modules

Floor plate subdivisions — 1/8, 1/4, 1/2, 3/4, and full floor — are measured and leased on a BOMA Rentable Area basis. Each subdivision's Rentable Area is derived from the Usable Area of the demised portion plus the subdivision's proportionate share of the building's common areas.

Because the Key Plans and Tiles system fixes subdivision boundaries at Key Plan and Tile boundaries — not at arbitrary points — each subdivision produces a geometrically complete BOMA Rentable Area calculation. Where a subdivision's boundary does not divide evenly against the standard Tile module, smaller purpose-built configurations absorb the difference rather than leaving a fractional, unleasable remnant.

BOMA and building class classification

The BOMA standard is also associated with the Class A / Class B / Class C building classification framework, which describes qualitative building characteristics rather than area measurements. Class A buildings are the highest-quality tier: modern systems, professional management, and positioning in the upper portion of the local rental rate range. Woodfine professional centres are designed and managed to the Class A standard — the BOMA area measurement framework and the Class A quality positioning are complementary components of the same institutional real estate benchmark.

International BOMA equivalents

European markets use measurement standards from the RICS (Royal Institution of Chartered Surveyors) and the TEGoVA (The European Group of Valuers' Associations) rather than BOMA directly. For international deployments outside North America, the equivalent measurement standard of the applicable jurisdiction governs lease area reporting, with crosswalks to BOMA Rentable Area provided for portfolio-level comparisons. The fixed floor plate is pre-certified against the applicable measurement standard for each prototype class's target jurisdiction.

Important Information

Important Information

Securities offering. Woodfine Capital Projects Inc. ("Woodfine") sponsors real-property direct-hold solutions. Interests in those solutions are offered only to investors who qualify under an applicable prospectus exemption — including the accredited-investor exemption under National Instrument 45-106 — Prospectus Exemptions, and equivalent exemptions in other applicable jurisdictions. Content on this wiki is provided for general informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any offering is made exclusively by means of the applicable Private Placement Memorandum, which prospective investors should review, together with their own professional advisors, before investing.

Scope. This wiki describes Woodfine's research methodology, geographic data platform, and related activities at a high level and is qualified in its entirety by the applicable Private Placement Memorandum and the governing documents of the relevant issuer.

Risk. Investment in real-property direct-hold solutions involves significant risk, including possible loss of capital. Past performance is not indicative of future results. References to structural features such as advisory fees, transferability, and net asset value methodology describe the contractual terms of the direct-hold solutions and are not representations as to investment outcomes or returns.

Forward-looking statements. Statements that are not historical facts may constitute forward-looking information within the meaning of applicable Canadian securities laws. Such statements are subject to known and unknown risks, uncertainties and assumptions, and actual results may differ materially. Woodfine undertakes no obligation to update such statements except as required by law.

Registration. Registrable activities of Woodfine and its affiliates are conducted, where required, under the applicable registration categories prescribed by the British Columbia Securities Commission and other Canadian securities regulators. Specific registration details are available on request.

Jurisdiction. Woodfine Capital Projects Inc. is organized in British Columbia, Canada. References to the Sovereign Data Foundation on this wiki describe a planned or intended initiative only, not a current equity holder or active governance body.

Trademarks. The full trademark notice appears in the footer of every page on this site.

Content licence. The text of this wiki is licensed under Creative Commons Attribution-NoDerivatives 4.0 International (CC BY-ND 4.0). Readers may quote this content verbatim, with attribution to Woodfine Capital Projects Inc. Readers may not alter, transform, or redistribute a modified version of this content.

Changes to this notice. Woodfine may update this notice from time to time; the version posted on this page governs.

Not a filing system. This wiki is not a securities filing system, an electronic disclosure repository, or a substitute for SEDAR+ or any other regulatory filing system. Formal securities filings are made through the applicable regulatory filing system, not through this wiki.

Full disclaimer. This notice supplements, and does not replace, the full Disclaimers article. In the event of any conflict, the full Disclaimers article governs.

Read the full disclaimer →