15 Jul '11, 2pm

Green Leases 101

The CoStar Group announced that 2008 was "the year of the green lease," yet we've seen very little application of green leasing in the field. That may be due to inertia, amplified by the recession, the reduction in both leasing activity and construction, and the landlords' reluctance to impose additional lease terms on scarce prospective tenants. But as green standards become more commonplace, as more landlords and tenants understand that there isn't a "cost premium" to green and that sustainability can actually save them money or even make them money through enhanced productivity or faster lease-up, as companies like much maligned Walmart impose sustainability standards on their vendors, and as more and more green governmental mandates are imposed, I think green leases will become more common. I hope that in five years we won't need to be having this conversation. In 20 y...

Full article: http://www.greenbuildinglawupdate.com/2011/07/articles/tr...

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