Real estate projects designed to withstand the effects of climate change can provide substantial returns on investment and an array of other benefits, according to this new report. Case studies from 10 leading resilience projects are highlighted, ranging from a Boston hospital built to withstand coastal storms to a residential community in San Antonio built to withstand the effects of intense heat and drought. Other communities with highlighted case studies include Queens, N.Y.; Miami, FL; Grand Cayman, Cayman Islands; Nashville, TN; Tucson, AZ and Lancaster, CA.
The study found an array of benefits from the climate-smart designs in addition to their strength against climate unpredictability. They include:
- Better energy efficiency. For example, multilayered impact-resistant windows save energy and reduce utility bills.
- Greater marketing, sales and leasing success driven by buyers' desires for well-built structures that will withstand harsh conditions and keep their value longer.
- Better financing options and lower insurance rates based on the reduced risk from resilient and hardened structures.