By taking steps to preserve biodiversity, real estate and land use professionals can protect critical natural resources, dramatically reduce carbon emissions, and enhance the value of their properties, according to a report from the Urban Land Institute.
The real estate market is bifurcating, the Urban Land Institute and PwC US reported. Some aspects are reverting to pre-covid patterns while others have permanently shifted to the post-pandemic new normal.
Real estate practitioners can better manage climate risk in their portfolios by incorporating climate change threats including wildfires, hurricanes and excessive heat into their business models, the Urban Land Institute and LaSalle Investment Management reported.
Real estate and land use professionals can address challenges associated with drought and limited freshwater availability by prioritizing water conservation, efficiency and reuse, according to a report from the Urban Land Institute.
Investments in renewable energy could unlock billions in real estate value, help building owners reduce long-term energy costs and generate supplemental income, said the Urban Land Institute, Washington, D.C.
Real estate developers and policymakers can promote equity, environmental resilience and economic mobility by investing in forward-looking infrastructure, said the Urban Land Institute, Washington, D.C.