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These Losses Could Average $1B by 2050

MIAMI—It's almost mind-boggling.

By Jennifer LeClaire | Updated on November 30, 2015

MIAMI—It’s almost mind-boggling. US losses from flood damage to commercial real estate properties are likely to average over $1 billion a year by 2050—and multifamily owners in low-lying coastal areas could together face average annual losses over $190 million.

That’s according to a new report from CBRE. Making matters worse, market disruption after extreme flooding is likely to cause commercial real estate owners hundreds of millions of dollars more every year.

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