In traditional leases, neither the landlord nor the tenant are incentivized to invest in energy efficiency improvements that can lead to high-performance properties that benefit both entities. However, green leases, also known as energy-aligned leases, help to break down barriers. This document consolidates a variety of green lease language options for more efficiently designed and … Continued
On January 21, Starbucks made waves in announcing its intention to become resource positive. As a major retailer across the country, this will inevitably mean tackling performance in a wide range of leased retail space. So where should the java giant focus? Its first stop should be to communicate these goals and forge collaborative relationships … Continued
The retail industry has endured years of bumps and bruises from store closures, shrinking capital, and operational budgets. Added pressures from investors, consumers, and watchdogs who call out bad actors on regulatory and environmental misdeeds are leading retail companies large and small to change the way they do business. Forward-thinking companies are navigating this turbulent … Continued
To our partners, colleagues, and stakeholders: As we wrap up 2019, I’d like to pause for a moment to reflect on recent accomplishments and discuss how the Institute for Market Transformation (IMT) is approaching some big changes I see emerging in the decade ahead. As many of you know, I was thrilled to step into … Continued
Across the real estate sector, we are seeing more commitment to climate change action, from increases in investor action to rising stakeholder pressure.
Analyzing and defining the quickest and best ways to reduce carbon emissions from our buildings is imperative for revolutionizing our energy system.
IMT will manage the city’s new one-stop-shop for building performance standards.
Tenants searching for modern, flexible, and modular offices are finding green leases that account for energy efficiency, sustainability, and health & wellness offer a platform to ensure their own corporate and individual goals are met.
This resource examines hurdles that NYC landlords and tenants may face in compliance to Local Law 97 and identifies next steps for collaboratively improving building performance and driving down energy use and associated carbon emissions across the city.
As cities pass new climate policies and investors demand that REITs change business practices to lower climate risks, firms should look to Nareit’s Leader in the Light Award winners’ playbooks.