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CoStar Analysis: More Than One-Quarter of Houston's Commercial Real Estate May Have Suffered Flood Damage

Commercial properties that may have been affected represent approximately $55 billion value.

An initial assessment of the potential impact of the epic storm on the Houston commercial real estate market by CoStar Group reveals that 27% of the market's gross leasable area, representing $55 billion in property value, is located in flood zones and may have potentially suffered damage. $16 billion of the $55 billion in property at risk is comprised of apartment buildings within the 100-year flood zone.

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