Blog

Available Office Space Tightens

Posted by Research Team on November 13, 2018

Boise Idaho office space supply decreasing

The overall supply of office space in the Boise area has been steadily declining over the past three years and in September, vacancy rates hit a new 15 year low of 8.13%.

According to Forbes, Boise is listed #28 on the list of 200 Best Places for Business and Careers. As the employment rate continues to decrease and more companies open up shop in Boise and the surrounding cities, it is highly likely that office space vacancy will continue to decrease at a proportionate rate.

Furniture Stores Enjoy Growth Across the Treasure Valley

Posted by Research Team on October 31, 2018

Furniture store growth across the Treasure Valley has been a defining characteristic of 2018's retail market. Meridian Home Furnishings expanded into an additional 14,300 square feet in September, only months after moving into their new location at Stonehenge Plaza in Meridian. Likewise, DeMeyer Furniture & Mattress built a nearly 40,000 square foot addition to their property on Franklin Road.

Thornton Oliver Keller Adds Two New CCIMs

Posted by Research Team on October 26, 2018

Holly Chetwood and Laurie Reynoldson of Thornton Oliver Keller recently received the highly coveted CCIM designation for their excellence and experience in commercial real estate. CCIM stands for Certified Commercial Investment Member and is a global community of 13,000 members comprised of 50 chapters in 30 countries. Members are considered leading experts in financial & market analysis and investment strategy.

Commercial Construction Booming in Twin Falls

Posted by Research Team on October 22, 2018

2018 has been a booming year for commercial construction in Twin Falls. According to The East Idaho Business Journal, the number of new commercial buildings has nearly doubled from 2017. There have been 59 new commercial building permits issued this year with an estimated total value of $63 million.

Downtown Boise Hotels Can't Keep Pace With Demand

Posted by Brianna Miller on October 8, 2018

There’s just something about a downtown culture that can’t be replicated. You can’t plug in a formula and mass produce Boise’s downtown scene anywhere else across the country. This is what makes doing business in a downtown setting so unique and rewarding. A majority of our retailers are local, and a majority of our patrons are loyal to local. This is special and worth protecting while we foster productive growth in our city. We are naturally experiencing a nice balance of local, regional, and national retailers in the downtown core and that’s not by accident.

Boise Welcomes Idaho’s First Public Market

Posted by Research Team on September 24, 2018

Vacant retail spaces are back-filling throughout the country featuring a variety of new users: furniture stores, trampoline parks,

Boise Gets A New Venture Capital Group Looking To Invest $100 Million

Posted by Research Team on September 13, 2018

Downtown Boise New Venture Capital Group

Aspatore Ventures, a venture capital firm based out of the San Francisco Bay area, has leased a portion of the former Balihoo office in BoDo. The company plans to invest over $100 million through a combined incubator and venture capital operation. The start-ups it plans to finance will bring numerous jobs to all of Idaho. One of its ventures, Execshape, focuses on helping executives manage their health and well-being.

Boise Growth – Our Perspective, Concluding Remarks

Posted by Research Team on September 10, 2018

In 2017, Boise’s migration rate was twice that of Seattle’s and three times greater than Denver’s. There is no doubt that Boise is attracting talent, business expansion, and economic investment. While Boise’s growth can create challenges, we are encouraged by the results of a recent City of Boise citizen survey which found that 62% of residents thought that Boise’s growth was positive for the community and 92% believed that Boise’s overall quality of life exceeded or greatly exceeded their expectations. Our thriving community is well aware that we will have to thoughtfully and strategica

Twin Falls Set to Welcome Hobby Lobby and Olive Garden

Posted by Research Team on September 7, 2018

The Twin Falls Mall will be opening the doors for its newest retailer, Hobby Lobby, September 24^th. The arts and craft store will be taking over the 57,000 square-foot space that previously housed Macy’s. Along with Hobby Lobby, Twin Falls is also welcoming Olive Garden.

Retail construction spikes with the completion of Albertson’s Market Street store on Broadway

Posted by Research Team on September 4, 2018

New Albertsons grocery store on Broadway in Boise

Albertsons completed construction on their new 64,600 SF store on Broadway. YTD, the Boise MSA has seen roughly 160,000 SF of completed construction in the retail sector with a projected total of 242,000 SF to be completed by the end of 2018. Our August CRE market newsletter offers additional insight into the retail sector's latest trends.

The local press has also written extensively about the new Albertsons store. You can read their analysis by utilizing the links found below.

Pages