New York’s Local Law 97 requires building owners to work with tenants to integrate a more holistic energy efficiency strategy to comply with established carbon targets in 2024 and 2030. In response to this policy, The New York State Energy Research and Development Authority (NYSERDA) launched the Decarbonizing New York City Offices project in the fall of 2020. Led by the Building Energy Exchange, The New York City Climate Action Alliance and the Institute for Market Transformation, this project seeks to develop solutions building owners, operator and tenants can adopt that are mutually beneficial and will result in sustained carbon reduction in leased spaces.
As part of this project, we conducted an industry survey to gather feedback from key stakeholders who have influence overlandlord-tenant leasing processes. We collected responses from 270 building owners, building managers, tenants, brokers, attorneys, and consultants. These provided insight into current trends, operational changes as a result of COVID-19, as well as new energy intervention opportunities that will likely be adopted as standard practice.
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