“South Florida By the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

The facts can no longer be denied: sea levels are rising, and South Florida is becoming more vulnerable to flooding with each passing year. With a population that continues to grow by roughly 8 percent each year, expanded commercial and residential real estate and the annual threat of hurricanes, the challenges facing our region are significant.

A recent report from the Risky Business Project, which quantifies the nation’s economic risks from climate change, estimates that losses of existing property in Florida will likely range between $5.6 billion and $14.8 billion by 2030, to between $14.8 billion and $23.3 billion by 2050. The good news? South Florida’s business and political leaders are finally facing the problem head-on, and taking steps to make their projects and communities more resilient. Let’s review these proactive local efforts to combat rising seas levels in this month’s South Florida by the numbers.

Read the entire article here: https://therealdeal.com/miami/2018/03/23/south-florida-by-the-numbers-pushing-back-the-sea/?utm_source=internal&utm_medium=popular_widget&utm_campaign=posts_popular