Boise MSA Office Market Demonstrates Strong Absorption Despite Increased Vacancy

Submitted by Anonymous (not verified) on Fri, 05/14/2021 - 11:05

The closing of Q1 demonstrated that 2021's office market is off to a solid start in the Boise MSA, posting 310,000 square feet of positive net absorption. This is the second strongest quarter (second only to Q4 2020) in the past five years.

Retail 2021 Trends — New Construction, New to Boise Tenants, & Tenant Expansion

Submitted by Anonymous (not verified) on Mon, 03/29/2021 - 05:03

2020 began with a strong start for the Retail market, posting 166,000 square feet of positive net absorption in the first 90 days. However, along with the pandemic came many business closures and the subsequent two quarters posted negative net absorption. However, a rebound began in Q4, where the market saw over 400,000 square feet of gross absorption, the strongest quarterly activity since 2013. As a result, net absorption finished the year at 191,000 square feet. The number of transactions completed in Q4 was also up 28 percent from its lowest point in Q2.

Buyers Outweigh Listings in the Boise Investment Market

Submitted by Anonymous (not verified) on Mon, 03/15/2021 - 10:03

Despite the economic conditions the pandemic created both locally and nationally, Boise’s Investment market ended 2020 with the third strongest transaction volume on record. In addition, the number of off-market deals continues to increase, highlighting that the true value is undoubtedly higher than the year-end investment transaction total of $574 million. Many offerings do not make it to market in this environment where the number of buyers far outweighs the number of listings available.

Industrial & Housing Demands Drive Land Sales, With Development Expected to Increase in 2021

Submitted by Anonymous (not verified) on Thu, 03/11/2021 - 05:03

Like most sectors, the uncertainty at the onset of the pandemic resulted in a brief slowdown for the commercial land market in early 2020, however, the sector picked back up in the latter half resulting in a year-end total of 345 acres sold and a total consideration of over $68 million.

2020 was a Record-Breaking Year for Industrial, 2021 is Projected to Continue the Trend

Submitted by Anonymous (not verified) on Thu, 02/25/2021 - 09:02

The industrial market had another banner year in 2020, ending the year with record-breaking absorption, construction, and total number of transactions. The most notable project of the year was the 2.6 million square foot Amazon Distribution Center in Nampa, making the company a dominant player in the local industrial market and ultimately creating more economic growth throughout the Treasure Valley.

Desirable Retail Vacancies Are Quickly Back-Filling

Submitted by Anonymous (not verified) on Wed, 09/02/2020 - 03:09

The retail industry saw the largest impact from COVID-19, but in the Boise MSA that impact is still only minimal thus far.

Net absorption decreased in Q2 but still ended the quarter in positive territory (131,000 square feet), compared to negative absorption (-320,000 square feet) a year ago.

Stats Show Boise Retail May Be Performing Better Than Anticipated

Submitted by Anonymous (not verified) on Thu, 08/06/2020 - 10:08

Although retail vacancy has seen a slight up-tick since Idaho’s economic shutdown, Total Vacancy (8.4%) in the Boise MSA is still lower than it was this time last year and Unanchored Vacancy (7.23%) is just slightly above the 20-year record low of 6.2% reached this March.

Boise's Natural Strengths Could Assist in Covid-19 Rebound Efforts

Submitted by Anonymous (not verified) on Mon, 06/22/2020 - 08:06

The Boise MSA has become a staple of national Best Places to Live lists lauding the area's many amenities - accessibility, affordability, safety and outdoor lifestyle.  Recently, Livability wrote two articles related to Boise's appeal and offering their estimations of what the future might hold.

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Boise, Idaho 83702
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Nampa, Idaho 83687
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Twin Falls, Idaho 83301
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Idaho Falls, Idaho 83402
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