Job openings remain near all-time high. Current open positions sit at 5.7 million, which points to a skills disconnect in the labor market. Labor shortages for skilled workers in construction, engineering and information technology are commonly cited, and contribute to moderating employment growth. Apartment absorption could get a boost as the record number of adult children living at home may finally have the financial strength to move out. Many will likely rent, supporting steady apartment absorption. Demand for office space is also supported by rising recent college graduate hiring. Tight labor conditions, with the college unemployment rate just 2.3%, may spur employers to tap new graduates for office-using employment sectors, which will contribute to further office vacancy declines, according to a recent Marcus & Millichap report.—Lisa Brown