13 Apr IDI Logistics Selected as 2023 Green Lease Leader
The winners, announced at the DOE’s Better Buildings Summit, exemplify a growing shift toward sustainability and equity in commercial and industrial real estate strategy.
(ATLANTA, GA – April 13, 2023) – IDI Logistics, a leading developer and manager of logistics real estate, was named a 2023 Green Lease Leader by the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance during the Better Buildings, Better Plants Summit. Launched in 2014, Green Lease Leaders sets 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 improvement, and sustainability in buildings.
IDI logistics has achieved Gold recognition for its dedication to designing, building, and maintaining an industrial real estate portfolio that reflects a commitment to excellence and a collective sustainable future. To receive this recognition, IDI Logistics 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.
This year the Green Lease Leader program expanded by 31%, including 34 new winners. Additionally, six companies earned Platinum recognition, achieving even more stringent requirements. The overall program growth reflects a wide acceptance that green leases are a critical tool for improving buildings and meeting corporate environmental and social goals. This year’s Green Lease Leaders represent portfolios totaling over three billion square feet (SF) and comprise a diverse range of buildings from large and small commercial offices to data centers and industrial and multifamily buildings. The cumulative floor area of all Green Lease Leaders is now nearly 6.5 billion SF of building space.
IMT estimates that green leases can help reduce utility bills by up to approximately 50 cents per square foot (22%) in U.S. office buildings alone. If all leased office buildings executed green leases, the market could reap over $3 billion in annual cost savings.
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