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U.S. EPA defines brownfields as real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Definitions may vary by country, state or province.
- No one knows exactly how many brownfields there are; estimates range from 400,000 to more than a million in the United States alone.
- As much as $2 trillion of real estate may be undervalued due to the presence of contamination.
- Between 5,000 and 10,000 people make their livelihood in the brownfield market.
- Environmental hazards are estimated to be present at 20-50% of all industrial real estate properties.