As the global terror threat rises, it’s becoming increasingly crucial for Commercial Real Estate (CRE) Managers to have the right tools in place to secure their spaces and spread their protocols to all stakeholders with a presence in their space. In 2023 alone, global terrorism deaths rose by 22%-a worrying trend driven by rising tensions, political aggression, and ongoing international conflicts.
With the unpredictability Terrorism brings, property, operations and security managers must take any and every step possible to protect the people within. This blog explores the specific vulnerabilities of CRE properties, the importance of preparedness, and how to get started with robust counter-terrorism strategies. If you’re looking for a comprehensive guide, we highly recommend reading the Securing Spaces Ebook, which offers an in-depth look at the topic and practical advice on staying ahead of potential threats
Why the CRE Industry is a Prime Target
CRE spaces, such as shopping malls, restaurants, bars, and office buildings, are inherently vulnerable to terrorism due to their easy access and high footfall.
In the UK alone, 15 domestic terror attacks have occurred since 2017, and authorities have disrupted 39 late-stage plots. Even in countries with strong counter-terrorism measures like the US, 16 attacks were recorded in 2023. Terrorists may target CRE spaces specifically because they are often seen as ‘soft targets’ with fewer security controls than governmental or highly fortified locations.
While the stats are bleak, there’s a real opportunity for managers to champion the sharing of any and all security information to create a proactive culture within their community.
The Cost to the Industry
While there are ways to stay ahead of threats, the impact of an attack if it happens extends far beyond physical damage. There’s a profound economic toll that managers must consider. In the UK, the direct cost of the five terror attacks in 2017 was estimated at £171.8 million. This figure doesn’t even account for the long-term effects on property value, business disruption, and the emotional and psychological toll on tenants and the public.
By being proactive, managers can play a critical role in mitigating these impacts. Not only can they help protect lives, but they can also limit the financial and reputational damage that follows an attack.
Preparing for the Unexpected
As we’ve learnt from the two assassination attempts on Former President Trump this year, a swift and coordinated response can be the difference between life and death. By ensuring robust procedures are in place and accessible, with a community-led approach to reporting, CRE managers can mitigate the risks and protect both their properties and the people within them.
3 Strategies to help Secure your Space
1. Meticulously Oiled Processes: The key to minimizing chaos during an attack is having well-documented procedures in place, accessible to all Managers and Tenants within a few clicks. These should cover lockdown protocols, emergency evacuation plans, and communication strategies with both tenants and local law enforcement.
2. Regular Training and Drills: Ensure that all staff are well-trained to respond quickly in the event of an attack. Regular drills can help build muscle memory for these situations, allowing for faster, more coordinated responses when every second counts.
3. Implement Technology for Instant Alerts: Technology is now in place to send instant alerts to building occupants, connecting directly to law enforcement agencies while removing the need to source contact information first. These systems allow for faster decision-making and communication during an unfolding situation.
Read Securing Spaces to Learn More
For a deeper dive into how CRE managers can protect their spaces from the threat of terrorism, there are no forms blocking you from reading the Securing Spaces Ebook. This guide offers expert insights from Knight Frank, Landsec and JLL, real life case studies following security threats and hurricanes, and step-by-step strategies for improving security in public spaces. Don’t wait for the unthinkable to happen-start preparing today.
In just one click, access your copy of our ‘Securing Spaces’ E-Book and discover how prepare your property for any eventuality.