The $18 billion-plus natural disasters that impacted the US in 2022 did about $175 billion of damage with the vast majority of affecting real estate.
That's just one of many astounding statistics from Marcus & Millichap, shared by its National Director of Research and Advisory Services, John Chang, during a company news video.
Natural disasters are becoming more frequent. Over the last three years, the U.S. experienced an average of 20 disasters with a price take more than $1 billion each.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
