It is critical for major space users and tenants to understand the rules, players and rating schemes in the green arena to ensure their interests are met when entering the commercial leasing market or negotiating property deals. When appropriately applied, the use of accreditation schemes can help tenants and owner occupiers procure high quality office space that costs less to run and provides higher operational productivity.
The interests of building owners invariably oppose the interests of their tenants, for instance when developers reduce their upfront development costs, the burden of the resultant high operating costs are transferred through lease conditions to the tenants. If a tenant is entering into an arrangement with a building owner or developer, the various rating schemes can be applied to ensure appropriate levels of green design are included in the project brief for either new or existing building stock.
By being informed about the relevant schemes, the tenant can be positioned to lead discussions about green change. This paper presents the relevant legislation, the players in the market, the ratings scheme and knowledge bases, and guides tenants and space users through the green ratings process.
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