Reduce Your Rental Costs By Investing In Sustainable Practices
July 05, 2011
Several forward thinking landlords are buying into the notion that if tenants implement sustainable practices that reduce energy costs, they will pass the savings on. This could result in savings to tenants from 3% to 7% of rental rate.
If your company represents a significant amount of space to a landlord, then you also represent a significant source of its energy use and cost. What if you took steps to reduce that energy cost and were able to recoup some of those savings? You create a win-win-win situation. The energy costs of the landlord go down, some of the savings are passed on to you, and the building environment becomes more sustainable.
Here are some ways that you can negotiate for reduced rent based on your company’s ability to implement any or all of the following sustainable practices:
- Create an open space plan to save on lighting costs.
- Install dimmable ballasts and sensors for spaces that can operate with minimal artificial or daylight.
- Install a sub-meter for the tenant space and agree to engage employees to modify energy behavior i.e. turning off task lights and computers at night; and minimize unnecessary printing.
- Agree to have key managers participate in an energy and sustainability orientation within the first six months of the lease term to raise awareness about the benefits of sustainable practices.
Please call us for thought leadership and to secure aggressive economics in your next lease.
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