Climate change risk is not being adequately priced into commercial real estate valuations. The recent increased frequency and intensity of extreme weather events were accurately predicted by climate scientists over 20 years ago. Based on recent data and current trendlines, the latest projections point towards an acceleration of these recently observed extreme weather events and rising sea levels over the next several decades. Due to high demand for coastal properties, a disproportionate share of the nation’s commercial real estate is exposed to climate change risks, and at present, these risks are not fully being addressed.
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