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Sponsored by Moody’s Analytics CRE
No one can deny that adverse climate events have a major impact on real estate properties across the country. Often, we don’t realize the larger implications of these events until a climate-related disaster happens close to home.
In this episode of the Success Zone Podcast, Thomas LaSalvia, Ph.D., senior economist at Moody’s Analytics, discusses the challenges the commercial real estate industry faces when it comes to climate change and the risks adverse climate events pose to commercial properties and the communities in which they are located.
Thomas discusses:
- How potential adverse climate events, such as floods, hurricanes and fires, not only impact commercial properties through physical damage, but go beyond and cause second- and third-order impacts for commercial real estate owners.
- How property insurers are responding to the increased risk of adverse climate events in certain areas of the U.S., and how these solutions could potentially affect commercial property valuations and operating costs.
- What is climate gentrification and how it impacts commercial properties in high-risk areas.
- The findings of Moody’s analysis of six high-risk metro areas in Florida and how climate risk impacted multifamily development in these markets.
Resources: WealthManagement.com | Moody’s Analytics.com | LinkedIn: Moody’s Analytics | LinkedIn: Thomas LaSalvia