More than $1 trillion worth of property lies in Hurricane Milton's path, Moody's estimated.
Hurricane Milton made landfall in Florida on Wednesday as a Category 3 hurricane.
AdvertisementHurricane Milton made landfall in Florida on Wednesday as a Category 3 hurricane, and analysts estimate that $1.1 trillion worth of commercial property is set to be exposed to dangerous hurricane winds.
This is the speed at which some property damage is likely, the Moody's report said.
According to the report, the properties include 44,122 industrial spaces, 78,916 retail properties, 42,387 office buildings, 64,857 apartment buildings, and 5,056 hotels.
Persons:
Hurricane Milton, —, Milton, Jefferies, Hurricane Helene, Helene
Organizations:
Service, Moody's, Hurricane Center
Locations:
Hurricane, Florida, Tampa, Ft Myers, Florida's Sarasota County, Milton