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You are here: Home » Resources » Articles » CRE Industry Prepares for Hurricane Season Amid Changing Flood Risks

June 13, 2022

CRE Industry Prepares for Hurricane Season Amid Changing Flood Risks

By Partner ESI

In preparation for the start of the 2022 Atlantic Hurricane Season on June 1st, forecasts from the National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center were announced on May 24, 2022. NOAA is predicting a 65% probability of another above-average Atlantic hurricane season. This would be the seventh consecutive year with an above-average hurricane season. NOAA estimates that there will be 14 to 21 named storms this season, with 6 to 10 of these developing as hurricanes and 3 to 6 of the hurricanes developing into major hurricanes (category 3 to 5, with top winds of at least 111 miles per hour).

As we approach the 10th anniversary of Hurricane Sandy, unprecedented storms and hurricane seasons have continued to take place in recent years. In this article, Rachel Autry discusses factoring in climate change and designing projects to mitigate flood risks.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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