Presenter: Deb Cloutier, JDM Associates
The goal of this project is to define and encourage the adoption of green leasing in commercial real estate by sharing tools, resources, and successes with landlords, tenants, and brokers. Green leasing is a powerful mechanism to improve the energy performance of existing commercial buildings. However, this potential often is not fully realized because of the “split-incentive” issue, which occurs when energy-cost savings from an investment accrue to a party that did not fund the project. To address this issue and ensure that green lease language is incorporated into leasing transactions, the project will help make green lease terms consistent and equitable. Ultimately, the efforts aim to expand norms for commercial lease terms such that energy-alignment features become commonplace in the industry.