The concept of the green lease in many ways epitomizes the radical shift in thinking in real estate. What might have seemed simply gimmicky or eccentric as little as a year ago is close to becoming a serious option for landlords and tenants. And interest is not limited to the fringes of the market. Prominent developers, such as Hammerson and Prupim, the real estate arm of Prudential, are in the green lease vanguard.
The move towards some codification of sustainable practices in a green lease shows how seriously many of the leaders in real estate are addressing environmental issues.
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