Green leasing can produce financial and sustainability gains as well as achieve a fundamental shift in what buildings can achieve for occupants and communities. Green leasing practices allow tenants and landlords to collaborate and save energy, reduce costs and achieve organizational sustainability goals. Developed by the U.S. Department of Energy, this document that provides guidance […]
Reference Guide for Tenants Read More »
Green leasing can produce financial and sustainability gains as well as achieve a fundamental shift in what buildings can achieve for occupants and communities. Green leasing practices allow tenants and landlords to collaborate and save energy, reduce costs and achieve organizational sustainability goals. Developed by the U.S. Department of Energy, IMT and Berkeley Lab, this
Reference Guide for Landlords Read More »
Most office buildings in the United States are not energy efficient, leaving both landlords and tenants with unnecessary energy expenses. Through an analysis of current energy efficiency measures facilitated by the signing of green (or energy- aligned) leases, this 2015 study estimates that green leases have the potential to reduce energy consumption in office buildings
Measuring the Potential Impact of Green Leases in the U.S. Office Sector Read More »
Typical leases often create a split incentive between the building owners and tenants where the cost of investing in energy and water efficiency improvements is assumed by one party while the other experiences the benefit of reduced utility costs resulting from those improvements. This resource outlines research on the benefits of incorporating energy efficient language
New Leasing Languages: How Green Leasing Programs Can Help Overcome the Split Incentive Read More »
This resource, created by the Institute for Market Transformation and Landlord-Tenant Energy Partnership, outlines lease language to support tenants and landlords as they draft energy-aligned leases. From passthrough clauses designed to eliminate the split-incentive, to directives on the most environmentally efficient paints and cleaning products, the lease language allows any landlord or tenant to structure
Green Lease Language Examples Read More »
As demand for climate action soars, more businesses and local governments are realizing that buildings are a huge contributor to carbon emissions, particularly in cities. To address this, local governments are increasingly turning to building performance standards, such as New York’s Local Law 97, to meet their climate commitments by reducing building energy use and associated carbon
Why traditional leases don’t measure up and what we need instead Read More »
The pandemic, and the urgent social and environmental issues we face call for a new approach to the way all sectors do business. IMT has been watching for commercial real estate leaders to emerge and one company that deserves attention is Brixmor Property Group, which owns and operates nearly 400 retail centers nationwide. Many of their properties
Resilient Real Estate: Brixmor’s Strategy for Pandemic Adaptation and ESG Achievement Read More »
As IMT Associate Director Audi Banny has made clear—and many in real estate are now painfully aware of—leases are critical to reducing building energy use. Traditional leases are not flexible in times of crisis, and often have clauses requiring buildings to meet criteria for heat or cooling that only make sense if a building is occupied.
Bringing Green Leases to Multifamily Buildings Read More »
What is the business case for energy efficiency in buildings? Earlier this year, the City Energy Project—a joint initiative of IMT and the Natural Resources Defense Council—sought to tackle this question by interviewing executives at three leading real estate companies. In synthesizing their feedback in a recently released report, CEP aimed to identify commonalities that
Building the Case for Efficiency in Buildings: Tools You Can Use Read More »
Real estate in the U.S. and around the world is experiencing an astronomical disruption that will reshape the future of buildings, how they are built, operated and occupied for the foreseeable future. As 2020 comes to a close, there is still robust debate about how to revive and potentially re-imagine commercial real estate, but in
All Roads Lead to Green Leasing Read More »
