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.

The partnership will seek to create a $1 billion portfolio of senior living assets

"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.

The answer? It's complicated.

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

Infrastructure spending on roads and bridges could have the effect of increasing vehicle travel.

The first locations will open in the tri-state area.