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The Tower Companies updated its standard lease agreements to include a green appendix that 100% of new and renewed tenants accepted, supporting efforts to reduce energy and water use across its commercial portfolio.
Building owners can use these best practices, developed in conjunction with an industry advisory group, to implement green leasing language throughout their portfolio. They offer guidance on establishing goals, tracking progress, and engaging with brokers and tenants.
The tenant improvement period offers a great opportunity to build energy efficiency into a tenant space. This fact sheet for large office leases provides guidance on how your property teams, leasing agents, and brokers can communicate the value of considering energy efficiency during tenant improvements.
This guidance document demonstrates how ENERGY STAR program resources can be leveraged to drive meaningful tenant engagement, and also provides proven best practices from champion partners.
Green leasing can be used to overcome the “split incentive” barrier to energy efficiency in commercial buildings by aligning the financial and energy incentives of building owners and tenants. Together they can save money, conserve resources, and ensure the efficient operation of buildings. Brandywine Realty Trust utilizes two components in its lease to enable the company to track energy usage, implement cost-effective energy efficiency measures, meet energy-saving targets, and save tenants money.
Green leasing can be used to overcome the “split incentive” barrier to energy efficiency in commercial buildings by aligning the financial and energy incentives of building owners and tenants. Together they can save money, conserve resources, and ensure the efficient operation of buildings. Pyramid Companies, Inc. implemented green leasing and expanded its Carousel Center retail complex to include Destiny USA, a 1.3-million-square-foot addition recognized as the largest Leadership in Energy and Environmental Design (LEED) Gold certified project for Core & Shell Development in the United States.
This fact sheet for small office leases provides guidance on how property teams, leasing agents, and brokers can communicate the value of considering energy efficiency during tenant improvements to reduce occupancy costs and ensure a healthy environment for employees.
This toolkit outlines successful strategies and resources for bridging the tenant-landlord divide through green leasing guidance, tenant improvement and build out best practices, and examples of successful communication with tenants regarding energy efficiency opportunities.
Hosted by the Institue for Market Transformation, this resource library features case studies, sample lease language, best practices, and toolkits to help organizations that are interested in pursuing green leasing.
Tenants and landlords often have competing incentives for efficiency practices, but Ulta Beauty has broken through this barrier with its industry-leading rooftop unit guidelines that benefit both tenant and landlord.
LBA Realty developed a Sustainability-as-a-Service (SaaS) offering for its tenants to help lower their operating costs and improve building health, all while providing building performance data to LBA.