Climate change in the region and the world has evolved into a noticeable risk factor. As development continues to proliferate, real estate professionals will be forced to identify mitigation tactics for natural disasters like
flooding, fire, hurricane, earthquakes, and other extreme weather conditions seldom considered in the beginning phases of a build out. However, strategies to enhance value that does not include resilience to climate change
can be a cost of inaction versus the cost of doing business.
Future development, particularly in the southeast, should be considering long-term climate threats to preemptively prepare as the writing is on the wall.
The good news is its practical business sense to be a forward-thinking developer or investor who supports sustainable means to protect long-term returns.