Green leasing (also known as energy-aligned, high-performance, or energy-efficient leasing) aligns the financial and environmental goals of landlords and tenants to work together to save money, conserve resources, and ensure the efficient operation of buildings. This resource, created by the Institute for Market Transformation, is an information sheet that outlines the barriers, eligibility requirements and […]
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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
In 2019, coworking spaces dominated leasing activity and encompassed more than 521 million square feet of commercial space globally. For coworking operators to remain competitive in this sector, they must be responsive to corporate standards, and perhaps even broader appeal is needed to captivate the thousands of smaller businesses and professionals who are able to
Using the Lease to Create More Sustainable Coworking Spaces Read More »
This resource is part of a series of case studies showcasing exciting green lease trends and best practices. This case study highlights a 2021 Green Lease Leader, Empire State Realty Firm, who received Gold designation for implementing effective efficiency strategies. Empire State Realty Firm is one of the most efficient real estate investment trusts in
Integrating Health and Sustainability at the Empire State Building and Beyond 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.
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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
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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,
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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
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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
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Rocky Mountain Institute created an actionable guide to explaining the business case and process for developers and landlords to pursue net-zero energy leased buildings. Eighteen percent of the carbon and 36 percent of electricity consumption in the U.S. come from commercial buildings, and 52 percent of non-government-owned commercial buildings are leased. Reducing energy use in
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