As of January 2018, roughly 6.3 million positions remained open but unfilled in the United States—a record high. And a report by JLL predicts it will only get worse. The labor shortage has a significant effect on the commercial real estate market—resulting in higher vacancy rates, lower asking rents and greater concessions across markets. If there was “perfect employment” achieved in the US, JLL predicts national office asking rents would rise by 5%.—Lisa Brown