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City of Fort Collins Selected as 2020 Green Lease Leader by the Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation

Released on Thursday, June 11, 2020
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This week, the Institute for Market Transformation (IMT) and the Department of Energy’s (DOE) Better Buildings Alliance announced the City of Fort Collins as a 2020 Green Lease Leader during the Better Buildings, Better Plants Summit.

Fort Collins has achieved GOLD Recognition for its efforts to transform its leases into tools to improve building performance and reduce emissions. To receive this recognition, the City of Fort Collins qualified for credits in energy efficiency and sustainability best practices such as utility data tracking and sharing, cost recovery for capital improvements and sustainability training.

Launched in 2014, Green Lease Leaders sets national standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality, and sustainability in buildings.

“It makes environmental, financial, and practical sense to strive to use efficient and sustainable equipment and materials whenever possible,” says Keith Hanson, City of Fort Collins Real Estate Services Manager, “If older items can be replaced with more efficient and longer-lasting items that will save money for both landlord and tenant in the short or long term, and have less of an impact on the environment, then that is a win-win for everyone”.

This year’s Green Lease Leaders represent portfolios totaling more than 1 billion square feet (sq. ft.) and comprise a diverse range of buildings from large and small commercial offices to industrial buildings to data centers. Altogether, Green Lease Leaders manage nearly 3 billion square feet of commercial and government space across North America, representing a huge potential for growth in green leases. IMT estimates that green leases can help reduce utility bills by up to about 50 cents per square foot (22 percent) in U.S. office buildings alone, and if all leased office buildings executed green leases, the market could reap over $3 billion in annual cost savings.

Learn more about Green Leasing by visiting GreenLeaseLeaders.com or reading Green Lease Leaders’ case studies.

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