Boise, ID Industrial Market Overview
Industrial continues to lead the greater Boise commercial market, now well into its 7th year of recovery. While sale activity and cap rate bias suggested a temporary pause early in 2016, by year’s end a very active market was evident, characterized by tight supply and significant construction meet pent-up demand. Year-to-date absorption for the first five months of 2017 is already well over 400,000 square feet, and cap rates are at historical lows despite the upward bias in Fed rates.
Source: Integra Realty Resources. Reprinted with permission. All rights reserved.