Assessment of the Relationship between Vulnerability to Sea-Level Rise and Property Values: A Case Study of the City of Miami Beach, 2009-2017

Authors: Zella Conyers*, University of Miami, Shouraseni Sen Roy, University of Miami , Richard Grant, University of Miami
Topics: Urban and Regional Planning, Sustainability Science
Keywords: Property values, Vulnerability, Readiness, Exposure, Sea Level Rise
Session Type: Paper
Day: 4/11/2018
Start / End Time: 1:20 PM / 3:00 PM
Room: Napoleon B1, Sheraton 3rd Floor
Presentation File: No File Uploaded

Sea level rise is an ever-present issued for coastal communities throughout the United States, specifically Florida and its south-eastern coast. The City of Miami Beach has seen a significant increase in development since the first residential property in 1901 and is known for its high priced, oceanfront properties. In this study we examined the spatial patterns of exposure against readiness to the impacts of sea levels rise using various adaptation and mitigation measures implemented by the City of Miami Beach. The levels of exposure throughout the city is high, while readiness is concentrated near stormwater drainage systems. Based on the exposure and readiness surfaces, a vulnerability index for sea level rise across the City was created. The spatial patterns of vulnerability to sea level rise was expectedly high along the coast.
However, when we compared the spatial patterns of vulnerability to the residential property values, we found a mismatch of property values and vulnerability throughout the city. This can be attributed to various factors such as high income, high transiency among residents, and lack of awareness of residents.

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