Updated: Jul 19, 2019
A new study from the Institute for Market Transformation (IMT) reports that green leases have the potential to save the U.S. office market $3.3 billion annually—cutting energy consumption by up to 22%. “Green leases address energy saving problems by aligning landlord and tenants incentives so that both win when the building is upgraded to be more efficient,” said Cliff Majersik, Executive Director of IMT, a nonprofit based in Washington, DC that focuses on improving energy efficiency in buildings. “This report quantifies the billions of dollars in energy costs that can be saved every year when America’s landlords and tenants are on the same page and working towards a mutual sustainability goal.”
The report, “What’s in a Green Lease? Measuring the Potential Impact of Green Leases in the U.S. Office Sector”, provides evidence that energy-aligned leases, or green leases, can open the floodgates for energy efficiency solutions in America’s largest energy users—buildings. The report analyzes low-cost and low-risk steps to slash utility expenses through the signing of green leases, and explains how all lease types can benefit from adding various energy saving clauses that cut costs, improve comfort, and productivity, and reduce carbon emissions.
Read the full article here.