Analysis

After the experience of 2020, many companies are considering how they use real estate assets. That has accounting implications.

All three major sectors— residential, nonresidential building and nonbuildings—moved lower in July.

Higher construction costs, rising home prices and building supply shortages drag confidence to its lowest level in 13 months.

REBNY's Real Estate Broker Confidence Index hits 52.5 for expectations, a new peak.

"There's been a lot of immigration to Florida, particularly South Florida with folks from the Northeast, and when you look at Brickell Avenue and downtown, or the urban core, we're a lot less dense, and a lot more affordable than where they came from," said Berkadia's Charles Foschini.

Many US investors and occupiers correlate the rise of flex space and the dawn of shorter term reasons with concerns about value.