Report: Miami could lose billions from coastal flooding by 2050

Posted by Miami Herald: Nicholas Nehamas on November 24th, 2015
Miami Herald: When the floodwaters rise, they could take billions of dollars worth of South Florida real estate with them. No region in the U.S. is more vulnerable to the threat of coastal flooding than the Miami metro area, according to a new report from commercial brokerage CBRE. About $366 billion worth of real estate would be exposed to a worst-case scenario “100-year flood” in Miami-Dade, Broward and Palm Beach counties, the report found. The greater New York area has $237 billion worth of real estate at......

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