Commercial Property Insurance Through the Roof!

[Kim Hopkins]

Help! I know property insurance has gone up in certain locations such as Florida. But, our property Insurance has gone up across the board, across multiple states and in multiple asset classes including single tenant industrial, multi-tenant industrial, and retail. Our single tenant industrial properties have gone up over 200% in Portland, Oregon and over 100% for multi-tenant industrial and retail properties in Oregon, Washington, Utah, and Sedona (Arizona). We've been with our insurance broker for years. Is anyone else experiencing this? Is there anything that can be done?