Hurricane Milton Threatens $1 Trillion in Commercial Properties

As Hurricane Milton approaches Florida, over 235,000 commercial properties valued at $1.1 trillion are at risk. This episode explores the potential financial implications for the real estate market and insurance landscape, highlighting the urgent need for awareness among investors and communities. We also discuss rising retail vacancies in downtown Bellingham, the FDIC's expansion in Dallas, and the latest insights on commercial real estate optimism following recent Federal Reserve actions.

Sources:
https://fortune.com/2024/10/09/hurricane-milton-trillion-dollars-commercial-properties/
https://mybellinghamnow.com/news/297792-commercial-real-estate-vacancies-on-the-rise-in-downtown-bellingham/
https://www.bizjournals.com/dallas/news/2024/10/10/fdic-expansion-dallas-office-plaza-of-the-americas.html
https://www.connectcre.com/stories/commercial-real-estate-a-cause-for-optimism/

Outline:
(00:00:00) Introduction
(00:00:41) Hurricane Milton is closing in on $1 trillion worth of commercial properties, Moody’s estimates
(00:03:54) Commercial real estate vacancies on the rise in downtown Bellingham
(00:05:56) Federal agency invests in bigger space in downtown Dallas tower
(00:08:44) Commercial Real Estate: A Cause for Optimism