A recent report by Moody's has highlighted the imminent danger posed by Hurricane Milton to commercial properties along Florida's Gulf Coast. With an estimated value of $1.1 trillion, more than 235,000 properties are at risk of being exposed to winds of 50 miles per hour or greater, which could result in significant damage.
The properties directly in the path of Hurricane Milton include approximately 79,000 retail properties, 65,000 apartment buildings, 44,000 industrial facilities, 43,000 office properties, and 5,000 hotels. The majority of these high-value properties are concentrated in the Tampa Bay, Sarasota, and Fort Myers areas.
