Team

New Leasing Languages: How Green Leasing Programs Can Help Overcome the Split Incentive

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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 […]

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Green Lease Language Examples

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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

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Why traditional leases don’t measure up and what we need instead

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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

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Resilient Real Estate: Brixmor’s Strategy for Pandemic Adaptation and ESG Achievement

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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

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Building the Case for Efficiency in Buildings: Tools You Can Use

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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

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All Roads Lead to Green Leasing

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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

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Green Leasing by the Numbers

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To demonstrate the extensive impact of green leasing and programs that support its adoption, IMT, the Department of Energy (DOE), and RE Tech Advisors collaborated to develop a paper for the ACEEE Summer Study: New Leasing Languages: How Leasing Programs can Overcome the Split Incentive. The paper explores the impact of green leasing programs, tenant engagement,

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Want to Go Resource Positive? For Leased Retail Space, Here’s One Business Tool You Must Improve

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On January 21, Starbucks made waves in announcing its intention to become resource positive. As a major retailer across the country, this will inevitably mean tackling performance in a wide range of leased retail space. So where should the java giant focus? Its first stop should be to communicate these goals and forge collaborative relationships with

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Nareit’s Leader in the Light Awards Show Innovative REITs Stepping Up On Climate Action

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Public real estate investment trusts (REITs) have a major impact on the cities and communities where we live and work. Their footprint is vast, with more than 520,000 owned properties and $3 trillion in combined real estate assets that collectively support 2.3 million jobs. The prevalence of REITs in the U.S. means it’s important for

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Green Lease Leaders