How Industrial Building Owners Use the Lease to Optimize Sustainable Business Practices
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 square feet of building space—a clear indication that green leasing is no longer considered an exception, rather it is becoming a necessary best practice across real estate markets.
As building efficiency efforts have progressed to more advanced and holistic approaches to meet ambitious climate and sustainability goals, green leases have evolved as well to enable their achievement. In the newest edition of IMT and the DOE’s Better Buildings Alliance’s case study series, we shine a spotlight on 2019’s Green Lease Leaders implementing effective strategies into their leasing practices and overall building operations in industrial spaces. Their actions set strong examples for every real estate or sustainability practitioner to consider when leasing property.
Read Green Lease Leaders: How Industrial Building Owners Use the Lease to Optimize Sustainable Business Practices to learn how:
- Rexford Industrial uses green leasing to sharpen its focus on sustainability as a business model for its company while increasing the value of properties and bringing environmental
and social benefits to its tenants.
- Sabey Data Centers ensures its multi-tenant customers, no matter their requirements, can save energy while continuously powering servers and cooling airflow for the optimal performance
of complex systems and technologies.
- STAG Industrial finances efficiency projects at no up-front cost to its tenants, while using its lease to ensure access to energy performance data so it can track and identify future capital improvement projects across its entire portfolio of buildings.
Become a Green Lease Leader
If you are a tenant encouraging your landlord to collaborate on sustainability goals, or if you’re a landlord working closely with tenants to make their space more efficient and healthy, you might be a candidate for IMT and DOE’s Green Lease Leaders recognition.
A first step is to assess your lease and corporate documentation in comparison to the standards specified by the Green Lease Leaders recognition program. Even if you are not currently including energy efficiency and sustainability in your lease, but practice sustainability in building operations and management, the Green Lease Leaders criteria can serve as a guide for enhancing a lease to account for sustainability.
Case Study, ESG, Tenant Fit-Out, Tenant Operations, Industrial, Landlord