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Restaurant's Impact on Commercial Real Estate is Significant

Red Robin restaurant in Boise Idaho

According to a recent report by CBRE, 17% of US retail sales come from restaurants.

Boise Ranks Among Top 10 for Jobs

According to a recent survey of job markets across the US, Wallethub has ranked Boise in the Top 10 for those seeking a new job. While Boise is not a newcomer to these top lists, it is good to see it included in surveys which focus on job market growth and socio-economics.

Boise Lands a Spot in the Top 5 'Surge' Cities

Downtown Boise's JUMP

Inc.com has awarded Boise a new title as one of the top 2020 'Surge Cities', a ranking of the best American hubs to start a business.  Boise earned the No. 5 spot, following major metros such as Austin, Salt Lake City, and Denver.

Boise Tops the List for Housing Markets in 2020

Photo of downtown Boise taken from the foothills

According to Realtor.com, Boise topped the national list for housing markets positioned for growth in 2020. This is up from the #8 spot in the 2019 rankings. Realtor.com polls the top 100 largest metropolitan markets in order to set their annual list. Salt Lake City (#10) and Spokane (#15) are nearby metros also making the top list.

October Proves to be a Strong Month for Industrial Spec Construction

Franklin Commerce Center, a new construction 35,464 SF industrial building

The month of October saw the delivery of nearly 140,000 SF of spec construction, the highest amount delivered all year. All of the completed spec buildings were in Canyon County, including the Keystone Building (60,000 SF) in Caldwell and 16400 Norco Way (67,500 SF) in Nampa.

North Face Adopts New Experiential Marketing Strategy

North Face reimagines retail strategy

As retailers continue to adjust marketing strategies in order to find the optimal balance between online and brick-and-mortar points of sale, North Face has launched a new strategy designed to "facilitate stronger connections with consumers and create a retail environment that focuses on brand identity as much as it does on merchandise."  To learn more about North Face's experiential marketing focus and it's emphasis on design, click here.

 

Amenities Prospective Multifamily Tenants Value Most

Tenants offer insight on most sought after amenities

The multifamily development market is posting strong numbers locally as well as nationally.  As developers (and investors) ponder what it will take to position projects for success, market research always comes in handy.  A recent article by the National Real Estate Investor (NREI) offers insight into prospective tenants' motivations.  You can read the piece in its entirety, here.

Clean Juice Moves to the Treasure Valley with First Location at North Pointe

Clean Juice Finds New Location at North Pointe Retail

The Situation: Health Foods Franchise Targets the Treasure Valley

  • Clean Juice, a national smoothie, juice and health foods restaurant franchise, was seeking a space to expand the brand into the Treasure Valley.
  • The client had been assigned to a national broker for over 90 days with no success in finding a suitable location in the Boise market. After being referred to Thornton Oliver Keller, JP Green eagerly took on the client confident that he could find the right space to expand Clean Juice.

Idaho's Role in California's Migration Trends

Migration Map evaluating California's trends in 2018

The Los Angeles Daily News wrote an interesting article evaluating Census Bureau migration data for 2018 as it applies to California's population trends.  The article shared stats regarding out-flow: 691,145 Californians left the state last year.  It also evaluated California's in-flow: 501,023 arrived from other states in 2018.

Our key takeway was one important statistic included in the piece: 497 Californians come to Idaho for every 100 that leave Idaho to go to California.

Five Locations to Serve You

Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Main Fax: 208.947.0869

Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694

Idaho Falls Office
1135 Pier View Drive, Suite 140
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148

Pocatello Office
151 N. 3rd Street
Pocatello, Idaho 83201
Main Phone: 208.227.8148

Coeur d'Alene Office
PO Box 663
Coeur d'Alene, Idaho 83816
Main Phone: 208.378.4600