Greg Gaddis Since the early stages of COVID in 2020, TRA has had the opportunity to sublease office space for our clients that have ‘gone home’ as they say, as well as find subleases for clients looking for move-in ready space at a good price. I would estimate that TRA has completed …
Boise has been on a growth tear with the population increasing and new to the area companies moving in. Boise was steadily growing before the pandemic and the pandemic accelerated growth. Some people have said that the pandemic didn’t cause all the changes rather sped some of them up. These days …
The market for small space under 5,000 SF is very tight. Our local small businesses are all back in the office and finding this type of space is very hard. But for larger spaces, those over 10,000 SF, we have seen an interesting development. Since late 2020, over 500,000 SF …
Today there is concern with rising inflation. By many reports we are in an inflationary cycle with the challenges and problems it brings. I have personal experience with inflation which I will share in this newsletter. Let’s start with a look back into the late 1970’s and early 1980’s. In …
As we deal with the second act of Covid-19 (aka the Delta variant), discussing our local office and industrial market may be useful. Starting with a look back, remember the futurist or self-proclaimed experts who said that working in a traditional office was over and gone? Nobody would work in …
To answer these questions, maybe we first must answer: is Covid really over? Is it in our rearview mirror? From my casual nonscientific observation, Boise citizens have ditched the masks and are now crowding the restaurants and watering holes. I still see some social distancing, but I don’t see the …
We are frequently asked by our clients and friends: what has been the effect of COVID-19 on our local real estate market? We try to observe, be objective, do research, read a lot, ask questions, and listen to the answers that people tell us. We are in the business of …
Boise is on all sorts of lists for Best Place to Live, to retire, for millennials, etc. Forbes recently said that Boise is the fastest growing city in the US. Trip Advisor named 8th Street/ Downtown Boise one of the coolest, hippest neighborhoods. Boise and Nampa were named the #2 and …
We try to publish our TRA newsletter quarterly and we strive to talk about issues related to commercial real estate in and around Boise. We try not to focus too heavily on vacancy rates and asking rents because they don’t change that much in a few weeks (and can be …
We have all been deeply affected by the COVID-19 pandemic. A lot of people smarter than I say our lives and businesses will be permanently changed, rather like how America was changed by the terrorist attacks on Sept 11, 2001. This post will focus on how this pandemic has affected …