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CUSHMAN & WAKEFIELD PACIFIC'S Q1 2020 IDAHO OFFICE MARKETBEAT REPORT

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On June 8th, 2020

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Market Reports

CUSHMAN & WAKEFIELD PACIFIC'S Q1 2020 IDAHO OFFICE MARKETBEAT REPORT

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Quarter 1 of 2020 got off to a very strong start in the office market, until the COVID crisis hit the world mid-March. Before COVID, we signed numerous leases through-out the valley ranging in all sizes with continued strong activity of tenants over 15,000 SF. The majority of the leasing has been at Eagle and Overland and 10-Mile. Downtown also had very good activity in Q1 - 2020. The investment market was the strongest quarter to date. We had a number of investment and owner user deals close. With the quarter ending with the pandemic, we expect a temporary pause in the deals that may have been close to execution or close, but larger lease deals with occupancy dates six months or more in the future continue to move forward, which exhibits tenant confidence in a market rebound post-pandemic. We too believe as soon as the pandemic passes the market will return to a strong robust market.

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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