That said, nearly all are having their budgets affected by rising prices.

San Diego, Detroit and San Antonio, as well as Atlantic ports, are seen as attractive.

Construction materials prices in June were up 20% from a year ago.

Yet it is clear that the rent growth is starting to moderate, albeit from a very high level.

Boston-area Simon mall sales are up 20% compared to 2019.

Commercial real estate is well placed for the longer term despite recent volatility.

California and the West in general are leading pricing downward, Redfin reported.

"Pandemic fatigue'' prompted many property sales lately, though activity shrunk 3% in Q2.