Area Development
Site & Facility Planning Insider
What’s on CREs’ Minds?
Commercial real estate executives are showing heightened concern about natural disasters. According to the National Oceanic and Atmospheric Administration, in 2018 there were 14 weather and climate disaster events with losses exceeding $1 billion each across the United States. Therefore, CREs who do locate in areas that may be at a higher risk for a natural disaster are increasingly designing their buildings with this in mind. A building designed to withstand extreme weather and climate change has become an essential requirement.

CREs are also concerned about incorporating sustainability — defined as energy efficiency and conservation of natural resources — into their facilities. But sustainable development has become so mainstream that those in the real estate community no longer feel the need to obtain LEED certification. In 2014, 5.7 percent of buildings 10,000 square feet or larger built in the U.S. were LEED-certified. In 2018, just 0.8 percent were LEED-certified. Municipalities are adopting a wider range of sustainability standards in their building codes and end-users are demanding sustainable spaces — they’re just not as concerned about getting an official plaque.

Wellness in the built environment is also more important to CREs, as it is a strong component of employee recruitment and retention strategy. On-site cafeterias, fitness centers and the like are being incorporating not just into office facilities but manufacturing plants as well.

How LEED Certification Transformed Industrial Development Standards

Randy Thompson Randy Thompson, Senior Managing Director, Build-to-Suit Advisory Group, Cushman & Wakefield
 

Today’s businesses are pursuing LEED certifications to the extent that they did in the past because sustainable development is now a given — it’s demanded by the market.

Read the whole story...

 

What Does Sustainability Mean in 2019?

Jennifer Taranto Jennifer Taranto, Director of Sustainability, Structure Tone

Robert Leon Robert Leon, Senior Vice President, Structure Tone
 

Although sustainability in the built environment is still important, fewer projects are seeking certifications, while wellness features/amenities are becoming more mainstream.

Read the whole story...

 

In Focus: Rise of Natural Disasters Affecting CRE Markets

Rick Kalvoda Rick Kalvoda, Senior EVP, Altus Group
 

With the rise in natural disasters over the past few years and as climate change continues to be a challenge, natural disaster resiliency is top of mind for commercial property executives.

Read the whole story...

 

Consultants Forum Upcoming Events

Attend Consultants Forum 27
Marriott City Center, Charlotte, NC
June 3-5, 2019

Register Now
Area Development Consultants Forum
We send Site & Facility Planning newsletters to Area Development readers who opted in at http://www.areadevelopment.com/ or on a mailed/faxed subscriber card. If you wish to unsubscribe from receiving our Site & Facility Planning newsletters you may use the "unsubscribe" link below. Or, click the "update preferences" link to revise your preferences.
unsubscribe from this list update subscription preferences
Area Development 400 Post Ave Suite 304 Westbury, NY 11590 USA 1-800-735-2732
Area Development Online
Copyright © 2019 Area Development, All rights reserved.