WATCH: Experts talk climate change and its impact on the real estate industry
Is South Florida drowning?
Francis Suarez, Patrick Murphy, Kobi Karp and Bruce Mowry discussed what rising sea levels mean for the real estate industry in South Florida at The Real Deal’s Fourth Annual Miami Real Estate Showcase & Forum in October.
The group, moderated by TRD’s Editorial Director of Digital Hiten Samtani, spoke candidly about encouraging resilient buildings, changing city codes, engaging politicians and more to combat climate change.
If sea level rise continues at its current pace, what does that mean for underground parking garages, streets and for real estate investment? Murphy, a former U.S. congressman, asked. “What can I sell that for if there’s no place to park my car, [if I] can’t get to the streets? If that starts to happen, we have a big problem here in South Florida,” he said.
Check out the full video above. – Katherine Kallergis
Produced by Jhila Farzaneh.