H
urricane Milton made landfall in Florida on Wednesday as a Category 3 hurricane, putting over $1 trillion worth of commercial property at risk. According to Moody's Analytics, more than 235,000 properties are likely to be exposed to winds of at least 50 miles per hour, which can cause significant damage. These properties include industrial spaces, retail buildings, office complexes, apartment buildings, and hotels.

    The estimated financial damage in Florida could reach $175 billion, with some analysts predicting a loss of mid-double-digit billions due to the storm's impact on heavily populated regions. The National Hurricane Center has warned of potential flooding and storm surges as high as 15 feet along the coast. This comes just days after Hurricane Helene ravaged Florida and other southeastern states, leaving over 200 people dead and estimated damages between $20 billion and $34 billion.