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Climate Issues Becoming More Critical for Commercial Real Estate Development
Considerations for severe weather and climate, in general, have real estate developers putting more focus on how they build and operate. But add to that rising insurance rates, which have dealt a big blow to budgets as premiums continue to climb, especially in some Sun Belt markets.
Breana Wheeler, U.S. director of operations at BREEAM, tells Commercial Leasing Law & Strategy's ALM sibling, GlobeSt.com that for the real estate industry, it is essential to consult climate data and consider climate change anticipated over the lifecycle of the building to tailor design and operations to the specific environmental challenges of a region.
"Considering these elements and incorporating climate analysis into the site selection process for new buildings can help owners and operators best mitigate the impacts of rising temperatures and create more comfortable, sustainable spaces for occupants," Wheeler said.
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