Water Leaks in Owner-Operated Real Estate: Key Statistics

 

Water leaks in owner-operated commercial, multifamily residential, and industrial buildings are ubiquitous, often overlooked, and a significant threat to the bottom line. Discover how the numbers really stack up.

There’s a lot of real estate at risk of water leaks

5,900,000

owner-operated buildings in the US alone1

 
97 billion

sqft of space in US owner-operated buildings2

commercial-buildings-skyline-800x600px

Water leaks are common

Flooded floor
2

leaks occur per building, per month, on average3

 
87%

of water leaks come from leaking or burst pipes4

Small water leaks are not a small problem

$1,973

average cost of repairing a leak not covered by insurance5

 
$31,500

average insurance deductible for Escape of Water in owner-operated buildings6

Cleaning up after a water leak

Big water leaks are also an expensive problem

Flooded office
34%

of owner-operated buildings incur at least one significant leak annually

 
+2 million

insurance claims will be made as a result of significant leaks

 
$8 billion

annual cost of Escape of Water to US businesses & insurers7

Explore how early water leak detection mitigates risk for real estate owner-operators

Discover Severn WLD™ or book a discovery call with our team.