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 …
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 …