Commercial buildings used nearly 20 percent of total energy in the United States—more than half of which is consumed by small and medium buildings under 100,000 square feet, according to the U.S. Department of Energy. For small businesses that rent space in commercial buildings, energy is a top cost, often ranking behind only labor and […]
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
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
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This resource is part of a series of case studies showcasing exciting green lease trends and best practices. When the COVID-19 pandemic shut down retail businesses in Spring 2020, industry leaders were forced to forge new partnerships to survive. In this collection of stories from the 2021 Green Lease Leaders program, we showcase three retail
Retailers Leverage Tenant-Landlord Communication During Pandemic 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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