Mitigating Real Estate Risks through Efficiency: Partnership
June 26, 2023
This blog was originally posted on IMT’s website.
Lease agreements can make or break the ability to improve energy efficiency and lower real estate risks. This guest blog post comes from IMT’s partner PropertyWorks, which manages leases for more than 20,000 real estate properties, including multi-unit tenants and franchises, across the US and Canada.
The real estate market is changing rapidly due to overlapping risks from extreme weather, changing market expectations, potential shifts in regulatory environment, and, in some sectors, the shift to telework. To mitigate risks and maximize success, both landlords and tenants need to position themselves operationally and legally for what lies ahead.
Our clients at Property Works are primarily multi-unit tenants operating either company-owned or franchised locations, ranging in size from 6 to 4,000 locations, throughout the U.S. and Canada. Clients include restaurants, auto service, retail, and personal services businesses. Each company has different concerns, but everyone wants to reduce their risk exposure.
One important way to do this is to lower building energy use.