Commercial property owners are taking more deliberate steps to ensure safety and resiliency against rising sea levels, hurricanes, earthquakes and wildfires, according to a new report by CBRE. Property managers, to state the obvious, are playing a key role in this process. "Property managers need the tools to balance near-term issues with the challenges of the next decade and beyond," says CBRE's Chris Connelly, Global President, Property Management in prepared remarks. "Investors look to property managers to help provide a safe environment for the building's current occupants, which is the number one priority. They're also seeking guidance for longer term investment strategies in response to environmental risks." See our slideshow for the various strategies being used.
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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.
