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Industrial Market: A look back at the first half of 2013

The Industrial market began with a sluggish start as transaction volume slowed, leading to negative absorption in the first quarter. However, the second quarter of the year saw noted improvement. Total vacancy declined to 9.1 percent and multitenant vacancy fell to 16.4 percent, its lowest point since mid-2008. Read the rest of entry »

Office Market: A look back at the first half of 2013

Transaction volume for the first half of 2013 is up 25 percent and the second quarter delivered the most net absorption since early 2007. As a result, total vacancy improved to 11.6 percent, its lowest point since mid-2008. Even with the increase in transaction volume, nearly half of all submarkets are seeing negative absorption midway through the year. Read the rest of entry »

Commercial Real Estate Review for July

Total office vacancy declined from 12.6% to 11.6% in June, its lowest point since Q1 of 2008. Multi-tenant vacancy improved as well, dropping from 18.8% to 17.2%. Much of this improvement can be attributed to one large deal in West Boise. Maximus, a new healthcare call center, leased 176,500 SF, dropping West Boise’s vacancy rate to 14.1%, its lowest point since 2006. Read the rest of entry »