Around 235,000 commercial properties sit in the direct path of Hurricane Milton, according to analysis from Moody’s.

The value of the potentially exposed properties, including apartment buildings, offices, industrial buildings, hotels and retail sites, is US$1.1trn.

While Moody’s stressed that these projections do not predict the losses or damages Milton will ultimately cause, they do offer an initial sense of the scope of the commercial real estate value in the storm’s path.

Hurricane Milton is forecast to hit Florida’s Gulf Coast tomorrow as a Category 4.

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