“Many corporate tenants have heard about green leases, and almost as many might wonder whether they should consider one.
The answer, for a variety of reasons, is an overwhelming ‘Yes!’
It is a real-estate opportunity that truly benefits everyone: tenants, landlords and not least, the environment.
“Quite simply, a green lease is an arrangement that offers substantial benefits – both quantitative and qualitative – to both tenants and building owners/landlords by:
• Improving environmental performance of the leased space by securing a few critical commitments ….
• Aligning financial incentives so that both parties benefit from adopting green measures; and
• Improving environmental data reporting transparency to enable tenants and landlords to measure success against agreed-upon goals. “
A green lease need not be complicated. Often, it merely requires structuring terms and agreements already in place,…
Here are 10 good reasons to pursue a green lease:
- Reduce utility consumption and save money
- Improve the working relationship with your landlord
- Support corporate sustainability objectives
- Enhance your corporate/brand image
- Demonstrate vision and leadership within your industry
- Improve civic relations where you lease
- Help NABERSNZ, and other certification efforts
- Improve employee productivity, recruitment and retention
- Waste-stream diversions might generate additional savings
- A green lease is good for the environment and everyone in it.
Taking the first steps.
Implementing a green lease strategy is not overwhelming, three important initial steps are:
- Completing an in-depth green lease site assessment on a representative sampling of sites;
- Developing benchmarked green site selection criteria and RFP language to be used consistently in acquiring new leaseholds, and renewing/renegotiating existing ones; and
- Training your staff to understand and use best-in-class green leasing tools.
“To maximise your results, consider engaging a trusted independent advisor with expertise in both leased commercial real estate and implementing cost-saving sustainability ….
Source: GreenBuzz, 4th June 2013.