GREEN LEASES – HOW TO AVOID PAYING TOO MUCH GREEN TO BE GREEN
With the official “push” by both state and federal government to attract and build up the sustainable practices industry, it’s no wonder that “green” leases are becoming increasingly popular across a wide swath of industries. But this is unchartered territory, so plan ahead and consider the following issues:
1. Determine Your Vision of Sustainability
Your goals should be captured in the lease terms that define what it means for the rental space to be “green” and allocate construction, design, and operation costs and responsibilities.
2. Identify Barriers to Your Sustainability Goals
The field of green leasing exists because traditional lease documents create barriers to the collaboration between landlord and tenant needed to meet sustainability goals.
3. Align Incentives and Responsibilities to Help Achieve Sustainability Goals
Once the barriers to sustainability in a lease have been identified, the lease must be modified to minimize or eliminate those barriers. There is no one-size-fits-all approach.
4. Consider the Best Time to Implement Sustainability Goals
Some green concepts can be integrated into the building at a lower cost during construction than as a modification at a later date. These include:
-
Submetering of electrical and water consumption;
-
Incorporation of renewable sources into the power supply; and
-
Improved indoor air quality through use of products with low volatile organic compound levels.
5. Negotiate Contracts for Improvements or Upgrades Carefully
Contracts with a general contractor and architect should be specific in spelling out obligations to use certain materials, contractors and disposal methods. Clarify who is responsible for meeting the standards you strive for and describe the remedies available if the standards are not met.
For the entire report, please click on Perkins-Coie/News and Publications.
TechDex (apps|provider|hardware|var)
AECOM Technology – 333 SW Fifth Ave | 4,013 SF
GeneralBizDex (consulting|finance|insurance|legal|other)
ADP – ADP Plaza | 2525 SW First Ave | 115,180 SF renewal
Rossman Nichols – One Centerpointe Drive | 1,565 SF
Oregon Brewery Co. – 1231 NW Hoyt St | 1,145 SF
Fleet Concepts JNC – 22967 NW Bennett St | 2,794 SF
Gega, Olson, Miller, Sundberg et al – Two Lincoln | 10220 SW Greenburg Rd | 2,798 SF
SCR Inc – 8680 SW Old Tualatin Sherwood Rd | 2,000 SF
DesignDex (A/E|consulting\graphic_d)
Marshall Gardens – 5775 SW Jean Rd | 2,308 SF
NonProfDex (charitable|education)
Portland Community College – 9700 SW Capital Hwy | 5,300 SF
Salvation Army – 1440 SE 21st Ave, Hillsboro | 22,500 SF
The ft.² Report 