Real Estate Investors Expand Models for Assessing Climate Risks

After an increase in wildfires, storms and other natural disasters, many cities have begun both short and long-term planning for infrastructure that will blunt the effects of climate change. Their current property values could be at stake as well.

Real estate investors and developers are increasingly considering climate risk factors when deciding where to buy or build, according to a report this month from the Urban Land Institute, an organization that promotes the responsible use of land. This has also meant looking at how prepared local governments are to face such events, according to the study, which was conducted with Heitman Institutional Realty Partners. The ...