Performance-Based Leasing

Promotional graphic for the '2025 Green Lease Leaders' webinar recording. The left side features a vibrant image of a modern, glass-walled office complex surrounded by greenery and a walking path. The right side contains text on a green and white background: '2025 Green Lease Leaders – Winners & Trends – May 29, 2025 | 1–2 p.m. ET.' The top right corner says 'Webinar Recording' and the bottom includes the Green Lease Leaders logo.

2025 Green Lease Leaders Winners & Trends Webinar Recording

Meet the 2025 Green Lease Leaders! In this webinar,  IMT celebrates 49 organizations that are transforming the real estate market through high-performance, energy-efficient leases. This year’s winners represent more than 1.5 billion sq. ft. of space across office, healthcare, industrial, and multifamily buildings, including 24 first-time awardees. We also explore the latest industry trends in

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Energy Operations and Maintenance Best Practices Guide

High-performing buildings offer building owners and managers lower operating costs, potentially higher commercial tenant rents, and a higher resale value than traditional buildings. Additionally, in Washington, DC and in a growing number of other localities, buildings are required to meet energy performance targets to reduce greenhouse gas emissions. Energy efficiency is a central component of

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Green Leasing in DC

Washington, DC’s leadership has committed to reducing greenhouse gas emissions 50% by 2032. To reach this goal, the District requires that building owners report energy and water consumption annually through a benchmarking program. It also requires large buildings to meet energy efficiency standards as part of the Building Energy Performance Standards law. The Building Innovation

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Overcoming Seven Key Landlord-Tenant Hurdles to Make Ambitious Carbon Reductions a Reality

New York City’s Local Law 97 (LL97) is one of the most ambitious U.S. carbon reduction policies for buildings and one of the first laws in the country to require significant whole-building reductions of carbon emissions. Despite this ambitious policy, the reality is that tenants control up to 70% of energy use in buildings. Therefore, achieving New

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Spurring Efficiency in Cleveland Businesses and City Buildings

With a green, high-performance lease, landlords and tenants can better work together to save billions of dollars and lock in smarter, more efficient operation of buildings. Since its inception in 2014, IMT and the U.S. Department of Energy’s (DOE) Better Buildings Alliance’ Green Lease Leaders recognition program has grown to include firms that represent more than 2 billion square

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Law Firm Leverages Green Leases for Global Impact

A major obstacle to energy-efficient, high-performing buildings is the split incentive between landlord and tenant. IMT and the Department of Energy’s Better Building Alliance created the Green Lease Leaders award to highlight companies using green leases to drive efficiency and stronger tenant-landlord relationships. Latham & Watkins is one of the world’s largest real estate firms,

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Summary of Model Performance-Based Lease Provisions

Retrofitting commercial buildings by adopting energy efficiency measures in tenant and common spaces can significantly lower a building’s energy consumption and utility bills. However, due to traditional leases that currently obligate landlords to provide energy even when it is not needed, commercial buildings are not as efficient as they could be. Performance-based leases introduce provisions

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High-Performance Leases: A Solution For Reducing Carbon Emissions In Commercial Buildings

This article from the journal Environmental Law in New York discusses the value of high-performance leases, also called performance-based leases, for reducing carbon emissions in commercial buildings. Authors include Audi Banny, Jeff Gracer, Margaret Holden, Stuart Kaplan, and Stephanie Margolis. Reprinted from Environmental Law in New York with permission. Copyright 2021 Matthew Bender & Company,

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Getting Started with Performance-Based Leasing

As cities, counties, and states across the U.S. seek to reduce carbon emissions and associated energy use, an increasing number of jurisdictions are exploring building performance standards that set and enforce performance targets for buildings. These performance-based policies and laws will require changing how landlords and tenants interact with one another to drive better overall

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Green Lease Leaders