You thought Andrew was bad? Here’s why Irma could destroy even more homes

South Florida has seen more than 500,000 new single family homes built since 2000

TRD MIAMI /
Sep.September 08, 2017 12:30 PM

Miami is no stranger to hurricanes, but when Irma hits it will find much more real estate to demolish than previous storms.

The region has seen a massive construction boom since Hurricane Andrew struck in 1992, with more than 500,000 single family homes sprouting up since 2000, according to CNBC. Towers have also risen in large numbers, with developers building 390 since 2003 that have a total of about 60,000 units.

There are also roughly 101 new condo buildings totaling just under 12,000 units currently under construction east of I-95.

CraneSpotters founder Peter Zalewski told CNBC there were “at least 100,000 vertical units developed under the post-Andrew building code,” but whether they will be able to withstand being directly hit by a Category 4 hurricane remains to be seen.

Brokers are already bracing for the impact Hurricane Irma will have on the South Florida real estate market, and the evacuation order for Miami-Dade has expanded inland to include sections of Zone C[CNBC]Eddie Small


Related Articles

arrow_forward_ios
(Credit: Getty Images)

All eyes on cranes during Hurricane Dorian

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Florida Keys after Hurricane Irma (Credit: Getty Images)

Florida Keys homeowners could get a big cash buyout

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

arrow_forward_ios