What are some of the ways rising temperatures will affect communities and how they manage their buildings, infrastructure and greenspaces?
There is a direct correlation between the design and maintenance of the neighborhoods where we live and work, and overall quality of life and life expectancy. This connection has become headline news in the wake of COVID-19 and the increasing threat to health brought on by climate change.
Rising temperatures increase the likelihood of extreme weather, poor air quality, flooding, heat islands and cause damage to vulnerable infrastructure, all of which have a measurably negative impact on health outcomes, disproportionately affecting low-income communities. Post-COVID-19, tenants in both residential and commercial properties are demanding healthy built environments and are willing to pay a premium for locations that enhance quality of life, representing both a risk to real estate value as well as an opportunity.