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CUSHMAN & WAKEFIELD PACIFIC’S BOISE – RETAIL Q4 2020 MARKETBEAT REPORT

Commercial Real Estate Services » CUSHMAN & WAKEFIELD PACIFIC’S BOISE – RETAIL Q4 2020 MARKETBEAT REPORT

On March 3rd, 2021

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Market Reports

CUSHMAN & WAKEFIELD PACIFIC’S BOISE – RETAIL Q4 2020 MARKETBEAT REPORT

Boise’s continued growth is creating a commercial real estate level of activity that is a beacon of hope for the future of our industry and for Idaho. Despite some examples of struggling retailers, there are countless more retailers who are capitalizing on the growth and predicted explosion of the population of Idaho.

Big Boxes long vacant are getting increased attention and drive thrus are a must for most food users after the COVID experiences and restrictions.

Investors continue to look to Idaho for a safe place to invest their money. The lack of inventory has created a strong market for investment properties but cap rates are holding similar to the last several years. Cash closings represent 90+% of the offers made on investment properties. Our client, US Bank, had long been considering the closure of several locations long before COVID and 9 of those assets hit the market early this year with an overwhelming response from buyers – both owner/users and investors.

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Boise’s continued growth is creating a commercial real estate level of activity that is a beacon of hope for the future of our industry and for Idaho. Despite some examples of struggling retailers, there are countless more retailers who are capitalizing on the growth and predicted explosion of the population of Idaho

bakersfield office

5060 California Ave
Suite 1000
Bakersfield, Ca 93309
(661) 327-2263
Brokerage License # 01919464

boise office

999 West Main Street
Suite 1300
Boise, ID 83702
(208) 287-9500
Brokerage License # LC45095

fresno office

9 River Park Place East
Suite 101
Fresno, Ca 93720
(559) 433-3500
Brokerage License # 01919464

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