Yardi Matrix Forecasts More Than 200,000 Multifamily Units Threatened by Hurricane Michael
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.
City |
Properties |
Units |
|
106 |
17,213 |
|
106 |
17,882 |
|
5 |
1,297 |
|
2 |
242 |
|
132 |
24,652 |
|
43 |
5,030 |
|
105 |
16,581 |
|
123 |
20,111 |
|
204 |
32,277 |
|
170 |
36,317 |
|
225 |
33,423 |
Source: Yardi Matrix
About Yardi
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
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SOURCE Yardi
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