Boise, ID Multifamily Market Overview The multifamily market has persistently low vacancy and high net absorption, despite multiple years of record-setting construction. Apartment construction has exceeded 1,– units in each of the last three years (and was 1,500+ units in two of the last three years), more than any previous year on record. As a result, the complexion of the local market has change noticeably. Meridian, one of the metro area’s fastest growing suburbs, previously…
IRR Viewpoint | Mid-Year Industrial Report
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…
IRR Viewpoint | Mid-Year Office Report
Boise, ID Office Market Overview The Boise CBD office market is in a different cycle of the overall market than the greater valley office market as a whole. Despite strong construction activity, downtown office development over the past 3+ years has met with significant pre-leasing and move-up demand, or user consolidation from one or more suburban locations to a downtown headquarters presence. Click Here to Read the Complete Report Source: Integra Realty Resources. Reprinted with…