Yardi® Matrix, which tracks properties with 50 or more units, reported that cities with the most multifamily units in the storm's path were
Hurricane Michael, a Category 4 storm, came ashore on the Florida
Early reports suggest that single-family and trailer homes bore the brunt of the damage, which could generate immediate demand for apartment units. In addition, the cleanup effort could siphon construction workers from other projects. A similar dynamic occurred last year in
The chart below illustrates multifamily units in selected cities in Hurricane Michael's path.
Source: Yardi Matrix
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in