Resilience in Focus Amid Growing Environmental Risks to the Built Environment
Resilience. It’s not a term commonly associated with real estate, however, growing environmental stresses and their threat to the built environment are bringing it to the forefront of long-term real estate investment strategies.
Resilience is defined as the ability to avoid, or bounce back quickly from, an adverse event.
In the realm of real estate, it pertains to buildings being able to sustain capital values and an uninterrupted flow of operating income after a natural disaster or catastrophic event.
Amanda Steele is the executive managing director, property management, Pacific at CBRE