Sustained economic recovery, while still somewhat questionable for the U.S. as a whole, appears brighter for the commercial real estate market. This past year represented significant progress toward a broader commercial real estate market recovery. The multi-family segment was white-hot in most regions, although that sector is likely to slow in 2014-2015 as supply increases. But high activity may linger in areas where there is pent-up demand and where renters and younger professionals are concentrated, like in Madison. That said, we expect to see more normalized absorption periods for new projects and vacancy rates moving toward historical averages.