Hello, and welcome to Episode 23 of the Corporate Real Estate Podcast, brought to you by LeaseSmart.com. Your host is Craig Melby, the founder of LeaseSmart, whose objective is to find companies the best facilities and get them the best terms, making their business more profitable and less vulnerable to future, unpredictable circumstances.
The Corporate Real Estate Podcast strives to make businesses more profitable through wise site selection and lease negotiations. In Episode 23 Craig is talking to Douglas Fisher who is the Director of the Environmental Health Sciences Organization. He puts out extremely good newsletters and information to help plan for climate change when it comes to where you should locate your home and business and what kind of facility you should be building.
Surprisingly, some people might consider purchasing an extremely climate-dependant property even though the future climate of the area is so uncertain. For example, Douglas Fisher mentions warming temperatures in skiing areas and draughts in lake front areas like Lake Mead. Craig explains that often, investors are willing to be a short term owner in order to make a profit and pass the property on to another buyer before things take a turn for the worse.
The take away message is to look at regional models and weather patterns and just know that the past is not a good indication of the future. Thanks for listening! Continue reading “23 – Should Climate Change Affect Your Next Commercial Site Selection?”