Engaging Small Business Landlords & Tenants on Efficiency
New guide provides solutions.
New guide provides solutions.
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 … Continued
Proving a Small Business Can Be a Leader in Green Leasing Based in Northeastern Ohio, NEO Realty Group is a vertically-integrated real estate company that manages or owns properties in four counties in the Cleveland metropolitan area and is one of eleven companies to be named a 2015 Green Lease Leader—a designation created by IMT … Continued
Geis Properties: Leaders in Sustainable Construction and Green Leasing The Cuyahoga County Administrative Headquarters building in Cleveland, Ohio demonstrates that properties with multiple stakeholders can be built and operated sustainably. The building itself is owned by the Port of Cleveland, is managed by Geis Properties, and was built by Geis Construction. Additionally, the building was … Continued
Brewing Up a Plan to Percolate Energy Savings The Coffee House was founded in 2009 and is owned by Case Western Reserve University in Cleveland, Ohio. The shop is situated in a three-story building located in a center of education, medicine, arts, and cultural institutions, known as University Circle. To lower energy usage and improve … Continued
IMT and the U.S Department of Energy’s Better Buildings have developed this resource guide on rooftop unit (RTU) best practices for retail leases. This document provides lease clauses to facilitate RTU efficiency in retail leases for both retail tenants and commercial real estate landlords. This document recommends insertion of clause language into standard commercial leases … Continued
Insights from the lenders.
While innovative financing mechanisms such as Property Assessed Clean Energy (PACE) have garnered more attention in recent years for facilitating investment in building energy efficiency, these niche energy efficiency products comprise only a small fraction of the overall commercial real estate loan pool. Far greater involvement from the commercial banking industry is needed to scale … Continued
IMT’s new report, “Energy Efficiency Finance for Commercial Buildings: Insights from Lenders” illuminates that some hard work lies ahead to improve commercial buildings through the investment of energy efficiency. To gain better insight on what’s needed, IMT interviewed 30 commercial lenders across the U.S. to hear their take on the market for building energy efficiency … Continued
Many of today’s businesses have realized the value of promoting sustainable operational practices. They know that exercising good environmental stewardship also makes long-term economic sense. In fact, an Accenture survey of 1,000 CEOs found that 93 percent see sustainability as important to the future success of their businesses. The top reasons to go green were … Continued