The increase is partially due to a general shift toward online purchasing.

People coming to work in their offices in the US declined the least in Boston (55.2%) and the most in Miami (88.8%), according to the index.

"The scramble is on for studio space, spilling over into vacant industrial and retail boxes."

The cap is now $850 million.

However, more data center, education and warehouse projects moved into planning in August from the levels in July.

Some 39% expect the 1031 tax deferred exchanges will be gone by 2022.

The Delta variant of Covid-19 is a cloud over prospects for the construction industry in 2022 from but without it would likely be a booming economy, cautions Marcum, a national accounting and advisory services firm.

The two firms are partnering to a $37.5-million loan to fund the construction of The Watermark a mixed-use multifamily property featuring luxury rental units, retail and office space located in downtown Henderson, NV.