RESILIENCE IN THE COMMERCIAL REAL ESTATE INDUSTRY
Climate change. Technological change. Social change. As these forces gather momentum, they are transforming today’s operational world, and making tomorrow’s increasingly unpredictable. Succeeding in the face of this triple threat takes resilience: the ability to survive, adapt to, and recover from extreme events.
But resilience, as it’s come to be accepted in the Commercial Real Estate (CRE) context, has generally been about a building’s features. Instead, we should be focusing on its operational requirements.
BOMA’s “Five Drivers of Resilient Development” provide a roadmap for ensuring our design criteria are properly matched with tenant operations. Only then will our buildings be truly resilience: able to minimize the impact to tenant and building operations from specified shocks and stresses, and address and minimize the duration of recovery.
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