Data Center

Measuring the Potential Impact of Green Leases in the U.S. Office Sector

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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 […]

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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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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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Behind-the-scenes: How Cincinnati is Improving Energy Equity

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The City of Cincinnati identified a high level of energy burden among its residents compared to peer cities, and wanted an equitable way to reduce energy costs. As part of the Bloomberg American Cities Climate Challenge (Climate Challenge), the City developed a suite of programs called WarmUp Cincy that offers financial incentives to support for both tenants

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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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Behind-the-Scenes: Why Fort Collins Adopted Green Leases

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Local governments have a critical role to play in reducing greenhouse gases, particularly those related to emissions from buildings. While much of their impact is tied to policy, local governments also play an influential role as landlords and tenants. In that capacity, an increasing number of localities are leveraging green leases to address sustainability goals while lowering

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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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Case Studies: How Leading-Edge Industrial Warehouse and Data Center Companies Work With Tenants to Optimize Energy Performance

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The 2019 cohort of Green Lease Leaders span more than 500 million square feet of space and multiple property types, including industrial warehouses and data centers. In many ways, typical lease transactions in these energy-intensive industrial properties create unique hurdles to owners and tenants investing in greater efficiency and sustainability. In this case study series, Green Lease Leaders:

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Green Lease Leaders