Skyscrapers are the iconic structure of cities. Besides new, record-setting ones, other changes worthy of note: Super skinny high rises, innovative designs that incorporate curves and green spaces, an elevator system in development that would move its cars vertically and horizontally, and the continuing use of mass timber in high rises.
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While the number of hail storms and the number of claims vary year to year, from 2014-2016 the cost of the claims has been increasing.
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One of the most critical areas of preparing a business for disaster is insuring its property.
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In a recent article, CNBC reports that real estates analysts describe the commercial property market a “Goldilocks” situation, meaning that current conditions are “not too warm, not to hot, but just right.”
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The only thing that could change the game in the commercial property insurance market, experts say, would be a catastrophe that inflicts more than $50 billion in damages.
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Commercial property owners will continue to have protections against acts of terrorism, if Congress approves a new extension to the Terrorism Risk Insurance Act.
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Experts say the commercial real estate market will see a strong 2015, if projections come to pass.
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A study conducted by real estate firm Jones Lang Lasalle (JLL) and solar energy company Solarcentury shows that solar energy has the ability to raise property values.
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