Hurricane Milton threatens 235K commercial properties, Moody's estimates

Hurricane Milton is just hours away from hitting the state of Florida, and Moody's says more than $1 trillion worth of commercial real estate alone is in the powerful storm's path.

"More than 235,000 commercial real estate properties in the state have a greater than 50% probability of being exposed to wind speeds of at least 50 mph — the wind speed at which some damage is likely," Moody's stated in an update on its website Tuesday. "The total estimated value of these properties is $1.1 trillion."

The hurricane...