Avatar's Blog
» Pending Regualtions for A Less Mobile Society
Taking a look at national and local trends in mobility trends in commercial real estate, you'll actually find that fewer such bills are on the floor of local, state and national governement than have been in the past decades. The reason is simple; the country has more presssing issues to attend to. In times of strife and war, budget deficits, poor economic performances,tc., lawmakers are far less inclined to take up their time with issues of accomodation in public or commercial buildings.
This does not mean the issue has disappeared. The costs of retrofitting is sufficiently onorous that lawmakers are unwilling to saddle an already tender economy with additional costs of doing business. However, as soon as the economy improves, look to see a boom in mobility and accessibility regulations being proposed again.
If you are building or investing in commercial, industrial, or residential properties, look for properties that already meet and exceed the needs of the aging US population. At the least, consider properties where accomodation retrofitting will require minimal cost.
