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CHICAGO—Growth in STEM (science, technology, engineering and mathematics) employment and the continuing recovery in the US housing market are already impacting commercial real estate as total sector volumes in the first three quarters of 2013 have hit $208.82 billion. That represents a 30% increase over the levels at the same time period in 2012. The growth in those areas is fueling greater occupancy and rent increases while boosting investor demand.

Meanwhile, as millennials—adults below 34 years old—become a larger component of the work force, that generation will dramatically impact the operations of the whole range of commercial real estate.

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