Landlord-Tenant Energy Partnership Expected to Save $5 Billion

10/03/2016 |

The standard will build upon green leasing practices to reduce energy use

A 20% decrease in energy use in U.S. commercial, retail, industrial and office buildings would save $5 billion per year, according to a U.S. Department of Energy feasibility study.  

To combat weak demand for energy-efficient spaces preventing thousands of companies from reaching their savings potential, Institute for Market Transformation (IMT), the Retail Industry Leaders Association (RILA) and the International Council of Shopping Centers (ICSC) are launching the Landlord-Tenant Energy Partnership, a synchronized national campaign to reduce energy use across billions of square feet of leased space.

“Tenants use over half the energy consumed in leased spaces across the U.S. Often this energy is wasted by inefficient operations and equipment — so much so that their combined potential energy savings could be equivalent to taking the country of Mexico off the grid,” says Adam Sledd, Director of Market Engagement at IMT.

The Landlord-Tenant Energy Partnership will build upon standards already in place for energy-aligned leasing practices established by IMT and the U.S. Department of Energy’s Green Lease Leaders program, which helped to improve the tenant site selection process, increased transparency of tenant utility consumption in office and retail buildings and promoted the adoption of energy-efficient build-out methods.

To see the Landlord-Tenant Energy Partnership in full, please click here.

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