Healthcare

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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How Can Cities Help Class B and C Building Owners Optimize Their Energy Performance?

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Research from Carnegie Mellon University reveals some of the biggest roadblocks preventing class B and C building owners from investing in energy efficiency. Here’s a look at the top three challenges and what cities should consider as they aim to reduce building emissions, revitalize infrastructure, and help owners take action. Class B and C buildings are

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Why Every Building Owner and Tenant Needs a Health and Wellness Strategy

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Tenant satisfaction and employee retention help make a strong case for investing in a health and wellness strategy that aligns with energy efficiency and sustainability goals for commercial & retail properties. A couple years ago I was a long-time resident of New York City. Like many commuters, I chose to ride my bike six miles

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