Commercial real estate industry not prepared for disasters, survey finds

August 30, 2006—Forty percent of commercial real estate managers have never conducted exercises to test their disaster plans, according to a survey commissioned by the National Emergency Response & Rescue Training Center (NERRTC), a division of The Texas A&M University System’s Texas Engineering Extension Service.

The survey aimed to uncover trends in disaster preparation efforts at large companies across six key industries – commercial real estate, health care, energy, chemical, entertainment and transportation.

According to the survey, 77 percent of commercial real estate respondents have updated disaster response and recovery plans within the past year, while 28 percent reported that they do not train employees on their disaster preparedness plans.

According to the study, the commercial real estate industry appears to be the least prepared in terms of response planning, training and conducting exercises. The ratings in training and exercising reveal that much still needs to be done to ensure companies can successfully implement plans in an actual disaster.

For more information, see the NERRTC Web site.

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