Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
8.5M Florida Properties at Significant Hurricane Irma Risk
Data analysis by CoreLogic shows that an estimated 8,456,455 residential and commercial properties in Florida are at either “Extreme,” “Very High” or “High” risk of wind damage from Hurricane Irma. CoreLogic storm surge analysis shows that an estimated 3,494,735 residential and commercial properties in Florida are at risk of hurricane-driven storm surge damage. Neither analysis includes potential damage from inland flooding.
Irma made landfall in South Florida as a Category 4 hurricane on Sunday, and swept up the length of the state. As of Monday, more than 6.2 million people were without power, though the full extent of the damage is still unknown.
Many breathed a sigh of relief as Irma was downgraded to a tropical storm as it moved across a 400-mile path. Still, insured losses are estimated to range from $20 billion to $65 billion.
For comments, questions or concerns, please contact Dennis Kaiser