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.