15 minute read
ENVIRONMENTAL
from 2020 Insight Issue 1
by Editor
Climate Change and How it Might Affect CRE in the Future
By: Molly Looman
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While often a political hot-button, climate change has the potential for massive effects on the commercial real estate industry. The past couple of years have seen rising sea levels, larger storms and and increased emphasis on lowering the carbon footprint of commercial areas. Governments are beginning to create policies that will affect both developers and owners. To prepare yourself for possible issues, let’s look at a few of the major issues concerning climate change and how they might affect our industry.
Extreme Weather
According to a report from the Union of Concerned Scientists, approximately 14,000 coastal commercial properties are at risk of inundation by 2045. The same report predicts sea levels rising 1.6 feet in a best-case scenario. Rising sea levels and increased danger of hurricanes has made coastal properties even more at risk.
Ocean-related weather is not the only risk. River-flooding has become more common. According to the National Climate Assessment, heavy rain events have increased 37 percent since the 1950s. Just this year, federal officials warned 25 states that they could see a flood risk in May.
All of this is not to scare anyone from owning a property or leasing one, it is information to keep in mind in the future. Developments should consider extreme weather possibilities in their construction and location scouting. Risk assessment and insurance systems are also changing with the recent weather. FEMA is releasing a new risk rating system that includes updated flood plain maps. This may be something to pay attention to if your area is at risk.
Property resiliency might also be a major consideration moving forward, as people demand buildings that will last longer and efficiently.
Climate Change-Based Laws
Climate change has been a major topic on both a state and federal level for decades. Recently, tighter regulations have been imposed to accelerate progress in certain areas. For example, New Yorks’s Climate Mobilization Act “requires that buildings exceeding 25,000 gross square feet reduce their greenhouse gas footprint starting in 2022 and each year thereafter so as to meet an established sliding scale of emission limits.”
Closer to home, Atlanta’s “Resilient Atlanta” strategy aims to hit a 100% clean energy target and impose city-wide housing resilience standards. Many of these propositions are cropping up across the country, which means CRE professionals need to prepare for impending code changes, energy restrictions and new standards for air, water and lighting.
Investment Shifts
As stated above, coastal properties are at the most danger for flooding, rising sea levels and extreme weather. This is not new, but the increased predicted risk may mean less investment in the coastal areas. Building restrictions in coastal towns are likely to get stricter, so an overall decrease in construction may be seen in the future.
Overpopulation is also an environmental concern. With almost 200,000 people entering the country a month between births, deaths and immigration, cities are going to have to make conscientious choices with how they handle the new influx. Smog levels are up and rampant urbanization may be curtailed by city regulations. Commercial real estate professionals are going to need to make future-thinking decisions about what and where to build based on the environmental effects of new construction.
Environmental Building Considerations
With Gen Z and millennial generations reaching the age of being major economic deciders, CRE professionals need to consider their needs and interests moving forward. Both generations are generally more environmentally concerned. This means they will be attracted to properties with health amenities, energy efficient water and lighting, and lower carbon footprints.
Businesses and possible tenants are beginning to take these factors in as well, adapting their office lifestyle to the needs of millennials and Gen Z. These generations want to actively reduce the effects of climate change meaning they aim to drive less, produce less waste and use sustainable products. CRE professionals both on the development and leasing side need to consider these trends in order to stay competitive in the market.
While we don’t know exactly what the future of our climate looks like and the effects it may have, it is important to stay informed and researched in order to properly prepare for any surprises, legislative changes and market trends. Getting caught off guard may lead to more extensive and expensive fixes than preparation would.
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04 20 20 /
05 20 20 /
APRIL 2 BOMA Southern Region Conference Loews Sapphire Hotel 6601 Adventure Way Orlando, FL 32819
APRIL 2 HVAC Module 2 Thursdays, 5:00 PM – 9:00 PM Chattahoochee Technical College Marietta Campus - 980 South Cobb Drive Marietta, GA 30060
APRIL 9 BTO Luncheon 11:30 AM - 12:30 PM BOMA Georgia Conference Center Sponsored by SERVPRO of Decatur
APRIL 14 Building, Design and Maintenance 3:00 p.m.-7:00 p.m. Tuesdays, April 14 - May 19, 2020
APRIL 16 BTO Luncheon 11:30 AM - 12:30 PM 191 Peachtree Tower, Suite 400 191 Peachtree Street NE Atlanta 30303 Sponsored by SERVPRO of Decatur
APRIL 17 The BOMA Bowl 1:00 PM - 4:00 PM Bowlmor Atlanta 2175 Savoy Drive Atlanta, GA 30341 Sponsored by Parker Young Construction/ FireStar Inc.
APRIL 22 - 24 Managing the Organization 8:30 AM - 5:00 PM BOMA Georgia Conference Room
MAY 6 2020 BOMA Show & BOMA Georgia May Luncheon 7:00 AM - 4:30 PM Cobb Galleria Centre Two Galleria Parkway Atlanta 30339 Sponsored by Mid America Specialty Services
MAY 13 - 15 Law and Risk Management 8:30 AM - 5:00 PM BOMA Georgia Conference Room
MAY 20 Young Professionals SIG – Breakfast 8:00 AM - 9:30 AM
MAY 20 - 21 High Performance Sustainable Building Practices 8:30 AM - 5:00 PM BOMA Georgia Conference Room
MAY 22 CRE Operations Masters Competition 1:00 PM - 4:00 PM
MAY 29 Building Engineering 201 Fridays, 8:30 - 11:30 AM Locations vary
MAY 29 BOMA Property Management 201 Fridays, 8:30 AM - 5:00 PM Locations vary
06 20 20 /
JUNE 2 Electrical Systems and Illumination Tuesdays, 3:00 PM - 7:00 PM
JUNE 4 Allied Member Resource Group Meeting 11:30 AM - 1:00 PM
JUNE 11 Green Real Estate Network Breakfast Workshop 8:30 AM - 10:30 AM BOMA Georgia Conference Room
JUNE 16 Industrial Shared Interest Group 11:30 AM - 1:00 PM
JUNE 17 - 19 Design Operations & Maintenance - Part I 8:30 AM - 5:00 PM BOMA Georgia Conference Room
JUNE 27 - 30 2020 BOMA International Annual Conference & Expo Pennsylvania Convention Center Philadelphia, PA
APPRAISAL CONSULTING Fellers, Schewe, Scott & Roberts, Inc. ...........................(770) 621-9548 OLM Inc........................................................(770) 420-0900
ATTORNEYS Andre Kill & McCarthy LLP....................(404) 653-3005 Baker and Hostetler LLP.........................(404) 946-9773
AUDIO VISUAL SERVICES Vertical AV TV..............................................(404) 352-2488
CARPET/FLOOR ServiceMaster Cleaning & Restoration .............................................(678) 766-0909 SOLID Surface Care, Inc.........................(678) 354-6726 The Mad Matter Inc..................................(678) 361-6704
CATERING/FOOD SVCS Ben & Jerry’s.............................................(404) 666-2232
COMMUNICATIONS Kings III Emergency Communications.(678) 438-1965
CONCRETE AND STONE FINISHING Nawkaw Corporation ...............................(706) 355-3217
CONSTRUCTION PRODUCTS Capitol Materials, Inc................................(470) 707-9384 Coastal Construction Products..............(770) 296-1285 The Home Depot........................................(704) 305-2881 Yancey Power Systems...........................(678) 945-2637
CONTRACTORS Advanced Systems, Inc...........................(678) 643-9025 Centennial Contractors Enterprises Inc. ..................................... (770) 613-2999 Double T Contracting, Inc.......................(770) 489-7772 Emery & Associates................................. (770) 414-9099 Gray Contracting.......................................(678) 530-9700 HL Contractors Inc....................................(678) 444-3955 Humphries & Company.............................(770) 434-1890 PKS Paving & Concrete Construction.(404) 401-8551 Stellar Contracting, Inc............................(770) 649-1575
DOORS Piedmont Door Solutions........................(678) 554-7000
ELECTRICAL Allison-Smith Company...........................(404) 351-6430 Bryan Electric, Inc.................................... (770) 680-2144 Martin Technical, Inc................................ (770) 590-7449 Mayberry Electric, Inc..............................(404) 991-7007 NCA Lighting Solutions Inc......................(770) 237-2196 Titan Electric Georgia LLC..................... (470) 275-9392 ELEVATORS/ESCALATORS Fujitec America Inc. .................................(770) 209-0322 KONE Elevators & Escalators.................(770) 427-3373 Maxair Mechanical Inc............................(770) 714-9642 Oracle Elevator Company........................(404) 581-0911 Phoenix Elevator of Georgia....................(678) 574-2447 ThyssenKrupp Elevator Corporation....(770) 250-6482
EMPLOYMENT SPECIALIST BG Talent..................................................... (703) 343-3415
ENERGY ENTEK............................................................(678) 910-1326 Envision Realty Services, Inc. ............... (404) 579-8129 Mallory & Evans Service......................... (404) 297-5066 McKenney’s Inc..........................................(404) 624-8777 National Glazing Solutions LLC.............(404) 360-7866 Trane............................................................. (678) 775-4106 Yancey Power Systems...........................(678) 945-2637
ENGINEERING Baker Engineering LLC............................ (404) 307-3237 Harbin’s Mechanical Services, Inc........(770) 914-7060 IES Mach......................................................(404) 759-5391 Innovative Engineering Inc......................(770) 517-5507 Mayberry Electric, Inc..............................(404) 991-7007 NOVA Engineering & Environmental.... (770) 570-9171 PENTA Engineering Group Inc................(678) 282-1999 PM&A........................................................... (770) 480-7452 Sustainable Investment Group LLC (SIG) ................................................(404) 343-3835
ENVIRONMENTAL Aquascape Environmental......................(678) 445-0077 IES Mach......................................................(404) 759-5391 ENVIRONMENTAL (Cont.) Sustainable Investment Group LLC (SIG) ................................................(404) 343-3835 The Morley Companies.............................(770) 569-1100
EQUIPMENT RENTALS Stone Mountain Access Systems.........(770) 908-2936 Sunbelt Rentals Inc...................................(404) 525-1919
FINANCIAL SERVICES, TAX CONSULTANTS Graham Group............................................(404) 634-4652
FIRE PROTECTION AFA Protective Systems Inc. .................(770) 794-9000 Chief Fire Protection Co..........................(404)-523-5478 Critical Systems LLC.................................(770) 612-9172 Life Safety Solutions Plus LLC..............(770) 843-3671 Mitec Controls Inc..................................... (770) 813-5959 Protech Fire Inc.........................................(770) 531-0587
FIRE/WATER/MOLD RESTORATION BELFOR Property Restoration ..............(770) 939-0128 Blu Sky Restoration Contractors.......... (678) 233-7220 BMS CAT.......................................................(678) 231-5024 Capital Restoration....................................(770) 973-1666 Epic ...............................................................(770) 516-3491 Full Circle Restoration & Construction Services.........................(770) 232-9797 Global Restoration ....................................(470) 225-9698 Parker Young Construction/ FireStar Inc............................................. (770) 368-1000 Remediation Group/RGI Commercial...(404) 214-1470 ServiceMaster Cleaning & Restoration..(678) 766-0909 SERVPRO of Decatur...............................(404) 378-9998 SERVPRO of Norcross..............................(770) 858-5000 Waterproofing Contractors Inc.............(770) 449-5552 Continued on next page.
HEALTH & HYGIENE PRODUCTS, PAPER PRODUCTS Essity.............................................................(678) 938-9119 GOJO Industries........................................... 330-819-0044 Kimberly-Clark Corporation...................(770) 289-3860 Life Safety Solutions Plus LLC..............(770) 843-3671
HVAC Air Filter Sales & Service, Inc.................(770) 939-1250 Blue Mountain Mechanical......................(877) 266-2211 Capital City Mechanical Services Inc. (770) 449-0200 Daikin Applied ............................................(770) 514-5880 Ductz Of Greater Atlanta.........................(770) 631-2424 EMCOR Services Aircond........................(800) 768-4258 ENTEK............................................................(678) 910-1326 Harbin’s Mechanical Services, Inc........(770) 914-7060 Legacy Mechanical Services Inc...........(770) 432-1171 Mallory & Evans Service......................... (404) 297-5066 McKenney’s Inc..........................................(404) 624-8777 Shumate Mechanical, Inc.......................(678) 584-0880 Southeast Pump & Equipment Inc.........................(678) 990-1388 ext 107 Trane............................................................. (678) 775-4106 United Maintenance, Inc..........................(770) 455-1656
INDUSTRIAL DOCK & DOOR REPAIR INSTALLATION Miner Southeast........................................(678) 730-4700
INTERIOR DESIGN IA INTERIOR ARCHITECTS......................(404) 504-0297
JANITORIAL A&B Corporate Cleaning Services, LLC ..........................................(404) 965-1799 ABM...............................................................(678) 245-3273 Allied International Cleaning Services, Inc...........................................(770) 298-4790 BCJ Building Services..............................(404) 551-2310 Building Cleaning Solutions, Inc. ..........(678) 445-3806 Building Maintenance Services Inc.......(770) 218-2993 Chosen Janitorial Services.....................(404) 804-6150 Distinguished Properties Cleaning USA Inc. (DPC).......................................(404) 418-1443 Environmental Service Partners...........(404) 583-8514 General Building Maintenance Inc....... (770) 457-5678 Georgia Pacific Corporation...................(770) 815-9552 HTH Building Services Inc......................(770) 988-0084 Imperial Dade.............................................(770) 405-6900 Level Seven Facilities Services............. (770) 771-0477 Planned Companies..................................(973) 240-0264 Pollock Paper Distributors......................(770) 803-7845
34 Insight n Issue 1, 2020 JANITORIAL (Cont.) Pritchard Industries SE............................(404) 231-1430 Rubbermaid Commercial Products......(470) 356-5088 The GreenSeason Group, Inc.................(770) 865-3902 Veritiv............................................................ (404) 272-4478
LANDSCAPING-EXTERIOR OLM Inc........................................................(770) 420-0900 4 Seasons Landscape Group LLC.........(770) 452-4455 Arborguard Tree Specialists ..................(404) 299-5555 Baytree Landscape Contractors...........(770) 457-3407 BrightView Landscape Services...........(770) 662-8775 Caldwell Tree Care/Services..................(770) 992-1973 Color Burst..................................................(770) 822-9706 Crabapple LandscapExperts.................. (770) 740-9739 Cumberland Landscape Group...............(404) 772-8150 Downey Trees Inc......................................(770) 889-2822 Ed Castro Landscape...............................(770) 998-8444 Georgia Environmental Landscape & Maintenance, Inc.......................................770-389-5513 Gibson Landscape Services...................(678) 689-3262 Greenwood Group.....................................(404) 886-6104 HighGrove Partners..................................(678) 626-3469 LandCare LLC..............................................(678) 475-1780 Landmark Landscapes............................(404) 423-5285 Nature Scapes Inc. ...................................(404) 663-5043 Ruppert Landscape..................................(770) 931-9900 Russell Landscape Group Inc................(770) 446-3552 Yellowstone Landscape...........................(404) 668-4508
LANDSCAPING-INTERIOR Foliage Design Systems..........................(770) 451-0885 Life on Earth, LLC.....................................(404) 875-6706 Plant Peddler, Inc......................................(770) 432-2649 Sedgefield Interior Landscapes, Inc....(770) 984-0171 LIGHTING Blue Frog Lighting .................................... (404) 569-7995 E. Sam Jones Distributor Inc. ............... (404) 351-3250 NCA Lighting Solutions Inc......................(770) 237-2196 Voss Lighting..............................................(770) 438-8557
MARBLE RESTORATION & MAINTENANCE ADDCO Metal Maintenance Co.............. (770) 985-5611 Architectural Surface Restoration LLC......(770) 510-8333 Mid America Metals.................................(800) 544-4576 Natural Stone Services............................(404) 255-8133 Presto Restoration Products & Services................................................... (800) 693-1228 Stone Specialty Services.........................(404) 261-9111
METAL FINISHING ADDCO Metal Maintenance Co.............. (770) 985-5611 Architectural Surface Restoration LLC......(770) 510-8333 Mid America Metals.................................(800) 544-4576 Presto Restoration Products & Services................................................... (800) 693-1228
OFFICE FURNITURE Atlanta Office Liquidators Inc...............(404) 505-9623 CORT.............................................................(770) 955-4004
PAINT/WALLCOVERINGS American Painting & Renovations Inc.....................................(770) 995-8787 Berry Coating, Inc......................................(706) 769-7172 Burke Painting, Inc...................................(770) 582-0847 CertaPro Painters of Atlanta.................(404) 548-7940 Certapro Painters of Duluth & Norcross..................................................(404) 434-6535
PAINT/WALLCOVERINGS (Cont.) CertaPro Painters of Fayetteville..........(770) 634-2472 CertaPro Painters of Roswell................ (404) 913-3972 Freeland Painting......................................(770) 289-0887 Horizon Painting and Renovations Inc..................................... (404) 447-0385 Oakcliff Painting.........................................(404) 867-3707 Paint Applicators....................................... (404) 487-5257 Spectrum Painting Inc..............................(770) 497-0101
PAPER PRODUCTS Essity.............................................................(678) 938-9119 Georgia Pacific Corporation...................(770) 815-9552 Kimberly-Clark Corporation...................(843) 384-2423 Pollock Paper Distributors......................(770) 803-7845
PARKING Ace Parking ................................................(404) 254-3661 ITR Of Georgia, Inc...................................(770) 496-0366 Kaney & Lane, LLC....................................(404) 892.8246 LAZ Parking.................................................(404) 787-2076 Legacy Parking Company...........................404-428-4618
PARKING DECK Ecosweep.................................................... (404) 904-1003 Spectrum Painting Inc..............................(770) 497-0101 Wildcat Striping & Sealing..................... (678) 937-9525
PAVING PRODUCTS Asphalt Enterprises..................................(770) 424-5001 Georgia Paving, Inc...................................(770) 623-0453 PKS Paving & Concrete Construction ....(404) 401-8551 Wildcat Striping & Sealing..................... (678) 937-9525
PAVING PRODUCTS, SEALCOATING The Surface Masters Inc. .......................(770) 250-6392
PEST CONTROL Northwest Exterminating Co., Inc.........(678) 383-1011 Peachtree Pest Control...........................(770) 931-9099 Pest USA.......................................................(678) 287-6674
PLUMBING Art Plumbing Company...........................(678) 486-2525 Legacy Mechanical Services Inc...........(770) 432-1171 Rooter Plus!.................................................(706) 715-1856 Royal Flush Plumbing Inc.......................(770) 385-5911 Southeast Pump & Equipment Inc.........................(678) 990-1388 ext 107 Trinity Plumbing LLC................................(770) 480-7687
PORTABLE/RENTAL COOLING & HEATING Mobile Air..................................................... (470) 544-7091 PRESSURE WASHING Ecosweep.................................................... (404) 904-1003 Everclear Enterprises Inc. ......................(404) 876-9408 Kaney & Lane, LLC................................... (404) 892-8246 Top Of the Line High Rise Service LLC.............................................(404) 569-9544 Valcourt Building Services LLC............. (770) 971-2000
PUMP SERVICE AND REPAIR Monumental Equipment, Inc..................(678) 765-7001
ROOFING Baker Roofing Company..........................(404) 458-2742 Commercial Roofing Group LLC ...........(770) 831-9440 Core Roofing Systems............................. (678) 514-2846 Empire Roofing Company Inc................(770) 948-7663 ENCORE ROOFING, INC............................(770) 945-0100 Georgia Roof, LLC.....................................(678) 939-9194 IRG VENTURES LLC d/b/a Innovating Roofing Group........................................ (404) 351-8797 Roof Partners LLC....................................(404) 490-4647
Continued on next page.
ROOFING (Cont.) Simon Roofing.............................................(470) 373-7991 Tecta America.............................................(770) 769-1720 Tremco .........................................................(404) 906-3338 Zurix Roofing Systems............................ (706) 587-2009
SECURITY Advanced Protective Services..............(678) 789-8256 Allied Universal Security Services........(404) 898-1695 Alscan Inc.....................................................(205) 249-7324 Armor Lock & Security. Inc.....................(770) 493-1915 BOS Security, Inc......................................(470) 208-3977 Critical Systems LLC....................(770) 612-9172, x 109 DataWatch Systems.................................(470) 503-6077 ITR Of Georgia, Inc...................................(770) 496-0366 Miner Southeast........................................(678) 730-4700 Mitec Controls Inc..................................... (770) 813-5959 Planned Companies..................................(973) 240-0264
SECURITY GUARD SERVICES Platinum Group Security..........................(470) 395-1628 SecurAmerica LLC....................................(404) 926-4258 Marksman Security Corporation ..........(678) 644-0576
TAX CONSULTANTS Fellers, Schewe, Scott & Roberts, Inc....(770) 621-9548 Graham Group............................................(404) 634-4652
TREE CARE/SERVICES Arborguard Tree Specialists..................(404) 299-5555 BrightView Landscape Services...........(770) 662-8775 Caldwell Tree Care.....................................(770) 992-1973 Downey Trees Inc......................................(770) 889-2822 Sesmas Tree Service LLC.......................(770) 655-9257
WASTE REMOVAL American Disposal Services..................(678) 736-0140 Republic Services Inc. .............................(404) 693-9279 Rubbermaid Commercial Products......(470) 356-5088 Waste Pro/Atlanta.....................................(770) 777-1447
WATER DAMAGE/STRUCTURE DRYING BELFOR Property Restoration ..............(770) 939-0128 Blu Sky Restoration Contractors.......... (678) 233-7220 Capital Restoration....................................(770) 973-1666 WATER DAMAGE/STRUCTURE DRYING (Cont.) Epic ...............................................................(770) 516-3491 Full Circle Restoration & Construction Services...................................................(770) 232-9797 Parker Young Construction/ FireStar Inc............................................. (770) 368-1000 Remediation Group/RGI Commercial...(404) 214-1470 SERVPRO Of Decatur...............................(404) 378-9998
WATER LEAKAGE PROTECTION WaterSignal LLC.........................................(626) 222-7370
WATER TREATMENT Blackmore Enterprises Inc..................... (404) 474-4352 EMCOR Services Aircond........................(800) 768-4258
36 Insight n Issue 1, 2020 WATERPROOFING Engineered Restorations Inc..................(770) 682-0650 Everclear Enterprises Inc. ......................(404) 876-9408 Paint Applicators....................................... (404) 487-5257 The Morley Companies.............................(770) 569-1100 Waterproofing Contractors Inc.............(770) 449-5552
WINDOW CLEANING South Beach Glass Inc. ............................(404) 851-0111 Top Of the Line High Rise Service LLC.............................................(404) 569-9544 Valcourt Building Services LLC............. (770) 971-2000
ARCHITECTS/DESIGNERS WJE-Wiss, Janney, Elstner Associates www.wje.com
ENGINEERING PM&A www.pmass.com
Tendon Systems LLC www.tendonllc.com
ENVIRONMENTAL PRODUCTS AND SERVICES Nova Engineering & Environmental www.usanova.com
J.R. Hobbs www.jrhobbs.com
Reliance Heating and Air Conditioning www.reliance-hvac.com
Shumate Mechanical www.shumatemechanical.com
Trane www.trane.com/Index.aspx
LIGHTING PRODUCTS AND SERVICES MetroLED Sign and Light www.metroled.com PAPER PRODUCTS Essity www.essity.com
PARKING MANAGEMENT AND SERVICES Ace Parking Management www.aceparking.com
PAVING PRODUCTS AND SERVICES Georgia Paving, Inc. www.georgiapaving.com
Everclear Enterprises, Inc. www.everclearenterprises.com ROOFING SERVICES AND PRODUCTS Specialty Roofing & Coatings www.src-roofing.com
SECURITY SERVICES AND PRODUCTS BOS Security, Inc. www.bossecurity.com
TENANT RETENTION Cornerstone Cookie Company www.cornerstonecookiegifts.comwww.
UTILITY VEHICLES Easy Ride Golf Cars www.easyridegolfcars.com/ georgia-golf-carts
Engineered Restorations Inc. www.er-inc.net
Southeast Restoration & Fireproofing Co., Inc. www.serest.com
Southern Preservation Systems www.spsatl.com
The Morley Companies www.morleycompany.com
Waterproofing Contractors www.wcinc.com
