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Back-to-back hurricanes may have lasting impact on Tampa Bay multifamily market

Storm surge and flooding across the region likely damaged thousands of homes and apartment units

Cars are flooded in an apartment complex after the arrival of Hurricane Milton on Oct. 10 in Clearwater, Florida. (Spencer Platt/Getty Images)
Cars are flooded in an apartment complex after the arrival of Hurricane Milton on Oct. 10 in Clearwater, Florida. (Spencer Platt/Getty Images)

Hurricane Milton made landfall around 9 p.m. on Oct. 9 near Siesta Key, just outside of Sarasota and roughly 70 miles south of Tampa. While the region was mostly unscathed from the storm surge, a historic amount of rain caused flooding across Tampa Bay. All this came less than two weeks after Hurricane Helene devastated areas along the Gulf of Mexico and Tampa Bay with upwards of eight feet of storm surge.

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