Facilities and Property Management
Climate change significantly impacts facilities and property management, affecting everything from operational costs to tenant satisfaction.
Preparing for climate change on built assets
Managing an asset like a building which was built to past standards and expectations of climate can be challenging.
With demands for climate resilience, lower energy costs and carbon neutrality, Property management businesses must adapt. Assessing climate risks on properties can give that first step in assuring that the asset will be standing, and ensuring that the investment has longevity. RedLines software can help you manage your portfolio all in one easy place.
Top 3 Climate Risks for Property Management
01.
Temperature change:
The demand for ground source heat pumps and air conditioning units is increasing rapidly and this is unlikely to slow. As summers get hotter and winters get colder, managing larger corporate properties will get more and more expensive. Adapting early can help mitigate this.
02.
Operational Resilience:
Extreme weather events such as storms, floods, and heatwaves can disrupt facility operations and cause significant damage. The focus now has to be on enhancing building resilience through improved design, robust maintenance practices, and the use of climate-resistant materials. Regular risk assessments and updating emergency preparedness plans are essential.
03.
Regulatory Compliance:
Staying compliant with evolving environmental regulations is crucial. Property managers must ensure that buildings meet local, national, and international standards for energy efficiency and climate resilience. This includes adhering to building codes that promote sustainability and preparing for potential future regulations aimed at reducing carbon emissions.
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