Recently I ran into an attorney friend at a sandwich shop and the second thing he asked me was, “are you busy”? Great question. We have noticed that transactions for office and industrial space are taking longer to conclude. Our clients are asking for more time or more information before …
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 …
A subject that gets a lot of attention in the Boise metro area is population growth and what it brings. Cue the list of common complaints like more traffic congestion, aggressive/rude drivers, having to get dinner reservations on a weekday, and no parking at the local ski hill. Maybe the …
It is that time of year when we reflect back on the previous twelve months and wonder what the next twelve months may bring. Here are some (very) random thoughts on the state of the Boise metro/Treasure Valley office and industrial properties markets. In 2023, the local office building market …
We are seeing mixed messages in our national and local economy, as well as in Boise area commercial real estate activity. It is difficult to describe. Some segments are doing quite well. For example, smaller office tenants are gobbling up space around 2,000 to 5,000 SF in West Boise, Meridian …
They say that in real estate it is all about location, location, and location. I would argue a bit on this. Timing is just as important or maybe even more important, particularly when renewing your lease or securing new office or industrial space. We always counsel our friends and clients …
As our clients and friends know, Tenant Realty Advisors acts as fiduciary advisors or representatives for the interests of occupiers of office and industrial space. After founding TRA in 2000, our firm still has no direct competition. No other Boise area brokerage firm follows our business model of strictly and …
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 …