There is a compelling business case for the Southeast Florida region to make significant investments in resilient infrastructure now, according to a new report published by the Urban Land Institute. The report, The Business Case for Resilience in Southeast Florida, explores the economic risks to the region due to rising sea levels without adaptation and identifies economic opportunities associated with resilient investments.
According to the report, the Southeast Florida region could see 17 inches of sea level rise by 2040 and 40 inches of sea level rise by 2070.
By 2040, daily inundation could expose $4.2 billion in property value, and one 10-year storm tide event could cause $3.2 billion in property damage.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
