Some Atlanta Suburbs Craving Walkability Are Coming Around On Apartments

Building owners and managers across the country are racing to upgrade buildings to meet increasingly stringent emissions restrictions and rising demand for sustainable office space. But meeting those targets requires collaboration between operators and tenants. 

Enter the green lease.

“It’s very difficult for a building to meet a performance standard if the tenant and landlord aren’t working together,” said Marla Thalheimer, senior director of business engagement at the Institute for Market Transformation, or IMT, a nonpartisan nonprofit focused on building sustainability. “The need is becoming essential.”

Green leases have been around for more than a decade. But the increasing number of local emissions laws, such as Local Law 97 in New York City, have made the use of, and negotiations around, such agreements more frequent and ultimately more vital.

There’s also significant unmet demand for such space;  JLL estimates there’s 23M SF of LEED-certified office space, not close to meeting the 310M SF of space occupied by the top 20 office occupiers, who have net zero 2050 carbon emissions targets.  Getting there is expensive. The split incentive issue, where…

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