CHICAGO—Growth in STEM (science, technology, engineering andmathematics) employment and the continuing recovery in the UShousing market are already impacting commercial real estate astotal sector volumes in the first three quarters of 2013 have hit$208.82 billion. That represents a 30% increase over the levels atthe same time period in 2012. The growth in those areas is fuelinggreater occupancy and rent increases while boosting investordemand.

Meanwhile, as millennials—adults below 34 years old—become alarger component of the work force, that generation willdramatically impact the operations of the whole range of commercialreal estate.

Those are some of the insights and conclusions contained in thenew Jones Lang LaSalle Cross Sector Outlook,presented today at the Urban Land Institute's FallMeeting here. The report takes a comprehensive look at how thehousing recovery influences all types of commercial real estate;the ways in which the millennial generation will affect officeworkplace strategy, retail stores, hotels and apartments;institutional investment patterns; and the indirect impact ofgrowing industries on local real estate.