Boise has been experiencing a lot of growth recently and as commercial real estate advisors who specialize in working with new companies either considering moving here or actually moving here we are frequently asked: “Who is moving here?” Last year in the Kiplinger newsletter the authors said Boise was ‘attracting …
The local Boise, Meridian, Eagle, Nampa, and Caldwell economies have been on a tear since 2015/2016. Everywhere you go you see new construction, and roads are torn up. We are seeing traffic get heavier and finding a parking spot harder. City elected officials are talking about new civic projects. Like …
According to Wikipedia and CNN Business and other sources, the Great Recession was officially between 2007 and 2009. But as most remember it took a long time or seemed like too long a time to recover to pre-recession levels of business activity. Now the recovery is at 106 months plus which is …
It’s the Wild Wild West in Idaho for leasing office or industrial space, so HOWDY PARTNER and you are on your own, BUCKAROO! Would you believe that the broker who is purporting to represent you in your lease negotiations is not required to have a real estate license? It’s true: …
Many of you may be familiar with LoopNet, the free commercial real estate version of the residential MLS. If you are a small business, you may have logged on and been able to search all available commercial listings. Every commercial real estate company in town, and nearly all significant …
Ask a corporate real estate person what is the most confusing and contentious aspect of an office lease, and the answer will almost always be the operating expenses section. All commercial leases contain at least a few paragraphs of language on how the operating expenses are handled. Many tenants enter …
Given that a nonprofit organization’s facility costs are typically the second highest cost on its balance sheet (after staff), securing a good lease on the best office space should be a high priority. Unfortunately, we’ve found that real estate costs and commitments are often not addressed in the best way. …
Most business owners and managers are experts in the fields they’ve chosen — not in commercial real estate. When it’s time to find new office space, it’s normal to not know what to look for. To get you started, here are seven questions office building tenants should ask prior to …
“I am going to represent you.” Lately I have wondered what a client seeking office or industrial space thinks when we say that. “Represent” can mean different things to different people; inevitably a client’s expectation is colored by his or her past experiences. Has the person been represented in a …
Here’s an important question you may not have thought to ask: How is my commercial real estate agent getting paid? It applies to agents representing both the landlord and, in our case, the tenant. I have been in this profession for over 40 years and rarely have I heard a …