The retail leasing process can either uncover or hinder opportunities to implement energy and waste reduction practices. For two years, retailers and landlords have collaborated to define "green leasing," or leases that improve the sustainability of retail properties and reduce the costs associated with energy, water, waste, and other resource use. RILA has facilitated the development of educational tools to promote green leasing through a working group of developers and retailers.
The overall objective of green leasing is to identify legal lease provisions that can potentially be modified to address both landlords’ and tenants’ sustainability goals.
Potential “green” lease modifications fall into five broad types, and seek to:
The RILA Retail Green Lease Primer, developed in partnership with the Institute for Market Transformation (IMT), is a two-pager primer used to educate Real Estate or Leasing teams on the possible elements of a green lease. To be used by a retailer or landlord to educate their Real Estate or Leasing teams internally.