Building Is For The Birds With Proposed Legislation, But CRE May Not Be Ready

New York City Council | October 17, 2019

Cities all over the world are moving quickly to adopt legislation requiring commercial buildings covered in glass to be safe for birds perhaps too quickly for the commercial real estate industry. The New York City chapter of Audobon, which tracks collision-related bird deaths, estimates that between 90,000 and 230,000 birds die per year from flying into buildings in the city. Nationally, the casualties might number more than one billion. In the daytime, glass that is too transparent or reflective appears invisible to birds, while a building giving off substantial light at night confuses and sometimes draws them toward those structures. Birds that don't migrate away from urban habitats, like pigeons, do not tend to have difficulty with glass buildings, but glass-clad buildings are considered serious threats to migratory birds, and some governing bodies are starting to do something about it.

Spotlight

Brookfield Asset Management Inc. is a global alternative asset manager with over $200 billion in assets under management.
For more than 100 years we have owned and operated assets on behalf of shareholders and clients with a focus on property,
renewable energy, infrastructure and private equity. We have a range of public and private investment products and services
which leverage our expertise and experience.

Spotlight

Brookfield Asset Management Inc. is a global alternative asset manager with over $200 billion in assets under management.
For more than 100 years we have owned and operated assets on behalf of shareholders and clients with a focus on property,
renewable energy, infrastructure and private equity. We have a range of public and private investment products and services
which leverage our expertise and experience.

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