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 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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
