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Justin

U.S. RETAIL MARKETBEAT REPORT Q1 2021

After a challenging 2020, retail market conditions improved in the first quarter of 2021. As the quarter unfolded, government stimulus payments were distributed and vaccinations accelerated, shoppers became more active and the retail sector began to improve.

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Justin

U.S. INDUSTRIAL MARKETBEAT REPORT Q1 2021

The U.S. industrial market started 2021 stronger than expected with demand outpacing supply for the first time since Q2 2019. In fact, in the first quarter alone, the market absorbed 82.3 million square feet (msf), which is the most space ever absorbed in a first quarter of any year reported by Cushman & Wakefield—up 78.2% over the 46.2 msf reported in Q1 2020.

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Justin

U.S. OFFICE MARKETBEAT REPORTS Q1 2021

As is the case with any product type that serves to bring people together, the U.S. office sector continues to struggle amid a global pandemic. In the first quarter of 2021, U.S. net absorption registered -41.1 million square feet (msf)—a level that is on par with the negative absorption recorded in the two previous quarters. Since COVID-19 was officially classified as a global pandemic last March, the U.S. has shed a total of 138.4 msf of office space.

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Justin

Boise Americas Marketbeat Retail Q1 2021

Boise was recently listed #1 in population growth in a recent release of the Cushman & Wakefield MarketBeat publication. According to HireAHelper there has been 194% more people moving into than out of Idaho since 2019. That comes as no surprise for those of us in the market.

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Justin

Boise Americas Marketbeat Office Q1 2021

Leasing activity increased dramatically in the first quarter of 2021. There are a number of large tenants (10,000 square feet +) seeking space in the downtown Boise market. While tenants are back in the market, they are being very deliberate to finalize leases as they contemplate what their workforce and office needs will be moving forward.

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Justin

Boise Americas Marketbeat Industrial Q1 2021

The Idaho industrial market continues its high velocity growth path, with annual new construction coming in just above 3.4 million
square feet (msf), with a large majority from the Amazon facility constructed in Q4 and just 115,000 square feet finishing construction in Q1 of this year.

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Justin

Year-End 2020 Bakersfield Industrial Marketbeat

Supply of available space remained tight throughout 2020—just as it has for the previous three years. We ended 2020 at 2.3%, down from 2019’s 2.6%, which was down from 2018’s 3.1%. 2017 was the last year it was above 5%—at 5.1%.

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Justin

Q4 2020 U.S. Retail MarketBeat Report

Despite the aggressive decline in absorption, the increase in vacancy rates, and the slight decline in rents, 2021 will see marked improvement in the retail sector, especially in the second half of the year.

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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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