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Hurricane Isaias threatens $71.8B in commercial properties across Gulf Coast
Moody's interactive data estimates about 31,659 commercial properties across Alabama, Florida, and Mississippi face at least a 50% chance of winds of 50 mph or more.
Bisnow reports that Hurricane Isaias is scheduled to make landfall Friday night near the northern Gulf Coast, crossing areas with billions of dollars in commercial property risk across Florida, Alabama, and Mississippi.
According to Moody's interactive data, an estimated 31,659 commercial properties along the storm's path have more than a 50% chance of facing winds of at least 50 mph, with the total estimated value reaching $71.8B.
The story estimates that residential buildings account for nearly half of the impacted properties, at 14,945 buildings valued at $40.2B.
Cities expected to face the highest exposure include Mobile, Alabama and Pensacola, Florida, with Mobile totaling 6,337 commercial buildings valued at $17.5B and 1,670 multifamily residential buildings valued at $3.1B.