New York City’s Local Law 97 (LL97) is one of the most ambitious U.S. carbon reduction policies for buildings and one of the first laws in the country to require significant whole-building reductions of carbon emissions. Despite this ambitious policy, the reality is that tenants control up to 70% of energy use in buildings. Therefore, achieving New […]
LBA Realty is a full-service real estate investment and management company whose portfolio covers 90 million square feet of office and industrial properties across the United States. As a part of their Sustainability Strategy, LBA Realty developed a Sustainability-as-a-Service (SaaS) offering for its tenants. This service offers a menu of Environmental, Social, and Governance (ESG)
LBA Realty Leverages Sustainability-as-a-Service Program to Engage Tenants Read More »
With a green, high-performance lease, landlords and tenants can better work together to save billions of dollars and lock in more efficient, sustainable, and smarter building operations. Since its inception in 2014, IMT and the U.S. Department of Energy’s (DOE) Better Buildings Alliance‘ Green Lease Leaders recognition program has grown to include firms that represent more than 2 billion
How Industrial Building Owners Use the Lease to Optimize Sustainable Business Practices Read More »
A major obstacle to energy-efficient, high-performing buildings is the split incentive between landlord and tenant. IMT and the Department of Energy’s Better Building Alliance created the Green Lease Leaders award to highlight companies using green leases to drive efficiency and stronger tenant-landlord relationships. Among the 2020 Green Lease Leader winners are two companies that have
Advancing from Silver to Gold Read More »
The Better Buildings Alliance released a case study on Link Logistics (Link). Link, founded in 2019, owns a national portfolio of advanced logistics spaces such as warehouses and distribution centers. In 2021, Link pledged 100% renewable energy by 2024 and net zero carbon emissions by 2025 for its own operations. To reconcile these limits with
Better Buildings Alliance: Link Logistics Industrial Solar PV Read More »
The U.S. Government Services Administration (GSA) incorporates sustainability provisions in these guidelines for leased buildings as new federal laws, policies and Executive Orders are issued. The mandatory provisions within this webpage address sustainable products and practices within leased space including ENERGY STAR guidelines, GSA-issued leasing policies and more.
General Services Administration: Green Leasing Policies and Procedures Read More »
The Center for Market Innovation (CMI) and The Natural Resources Defense Council (NRDC) collaborated to create the Energy Efficiency Lease Guidance. To create the guidance, NRDC convened a forum including a number of New York City’s leading landlords, tenants, attorneys, brokers, engineers, environmental advocates, utilities and government officials to address the specific opportunities presented by
Natural Resources Defense Council (NRDC): Energy Efficiency Lease Guide Read More »
With complexities of the leasing properties including the lease term, rental rate, tenant improvements and more, the opportunity to embed sustainability in the tenant-landlord relationship is often overlooked. Better Buildings Alliance’s 10 Green Leasing Tips for Building Owners includes a list of best practices for building owners including recommendations on benchmarking, updating rules and regulations,
Better Buildings Alliance: 10 Green Leasing Tips for Building Owners Read More »
The BBP has produced a comprehensive Toolkit for green leases to enable owners and occupiers of commercial buildings to work together to reduce the environmental impact of their buildings. This guidance is non-prescriptive, helping owners and occupiers to agree carbon, energy, waste and water reduction strategies which best fit with the circumstances of individual properties. With
Better Buildings Partnership: U.K. Green Leasing Toolkit Read More »
Thanks to a generous grant from YARDI, BOMA International’s Green Lease Guide is now free to download. This essential guide on crafting a green lease will help you solve your sustainability challenges and build stronger working relationships with your tenants. While the environmental and financial benefits of energy-efficient buildings are undisputed, property professionals need a
BOMA International: Green Lease Guide Read More »
