Although designed primarily for San Francisco buildings, the free, on-line resource is being promoted as adaptable for any geographic location and is divided into three sections: a general green leasing guide, tips on stakeholder engagement, and a checklist of items summarizing key sustainability metrics for any property.
Leave a comment here at GRELJ this week and be eligible to win a copy of attorney Paul D’Arelli’s new e-book that masterfully describes risk management issues as they relate to each step in the green leasing process.
Silverstein Properties has incorporated the Mayor’s Green Leasing Language into a 210,000-square-foot lease at New York City’s first LEED Gold-certified commercial office building.
The interplay – or lack thereof – between individual LEED rating systems may create unanticipated liabilities for landlords and brokers who market LEED-EB:OM-certified space to tenants that subsequently seek to pursue LEED-CI.
In Oregon, two small commercial tenants have bucked prevailing market trends and signed green leases with Unico Properties at the historic 13-story Commonwealth Building in downtown Portland.
One interesting legal question that could arise in the green lease context is exactly how a court would construe aspirational clauses in the event the parties dispute exactly how “aspirational” those clauses should be.
Submetering and smart meters are very good ideas, and ones whose potential takes the implicit promise of much that we write about here at gbNYC and make it explicit. That is, the idea of arming people with valuable information and incentives for smarter behavior could condition positive change in both our built environment and how we live in it. In time, submetered energy will probably replace old-style flat-rate pricing just as thoroughly and just as deservingly as broadband internet is replacing dial-up. The problem is that no one has successfully explained this stuff to consumers, and that it’s work — making changes in one’s behavior, reading a complicated energy bill, actually turning on one’s brain and responding to market incentives — and that humans by their nature kind of abhor that sort of thing.
5 of the 20 largest leases signed in Manhattan in 2009 (as reported recently by the New York Observer) were inked in green buildings. GRELJ takes a closer look at each of these deals to draw some anecdotal conclusions about the current state of New York City’s green commercial real estate market.
USGBC’s LEED 2009 for Commercial Interiors rating system includes a significant number of points which tenants can earn towards their LEED-CI certification simply by choosing to lease space in qualifying base buildings; tenants can vet the available pool by properly streamlining the Request for Proposal process.
If either the landlord or tenant breaches a green provision in a lease, what specific rights and remedies – if any – does the lease provide to the parties? The New South Wales Police Headquarters Building, just outside of Sydney, Australia, features a lease that gives the tenant a rent reduction if the landlord fails to maintain a certain level of third-party green building certification.