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More Than 200,000 Multifamily Units Were in Path of Hurricane Michael

Moody's Analytics estimates total damage from the Category 4 storm at between $16 billion and $20 billion.

Storm surge during Hurricane Michael, which made landfall in the Florida Panhandle on Oct. 10. Source: National Oceanic and Atmospheric Administration Storm surge during Hurricane Michael, which made landfall in the Florida Panhandle on Oct. 10. Source: National Oceanic and Atmospheric Administration

SANTA BARBARA, CA—Approximately 205,000 multifamily units in Florida, Georgia, South Carolina, North Carolina and Virginia were in the path of Hurricane Michael, which came ashore in Florida on Oct. 10 as one of the strongest storms in recent U.S. history.

While the full extent of Hurricane Michael’s damage has yet to be officially calculated, Yardi Matrix, which tracks properties with 50 or more units, reports that cities with the most multifamily units in the storm’s path were Virginia Beach, VA (36,317 units), Wilmington, NC (33,423) and Tallahassee, FL. (32,277). Moody’s Analytics estimates total damage from the Category 4 storm at between $16 billion and $20 billion.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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