Tag: Local Law 97
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Local Law 97: A Green New Future for NYC Office Buildings
As remote and hybrid work models are becoming more and more popular, many of New York City’s skyscrapers are half-empty. A return to the office is underway, but many companies allow staff to work remotely indefinitely. Meanwhile, landlords are struggling to fill vacant spaces and retain existing tenants by offering never-before-seen concessions. Rethinking the NYC…
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What is NYC Local Law 97?
Local Law 97 is a key piece of legislation that was passed as part of NYC’s Climate Mobilization Act. LL97 establishes and enforces stringent carbon emission limits for existing buildings, which account for roughly 70% of the total GHG emissions in NYC. To reach the city-wide goal of reducing total carbon emissions by 80% by…