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Mor Furniture and TJ Maxx join retailers at Karcher interchange

Office vacancy in Downtown Boise (7.2%) decreased  for the sixth consecutive month as multiple tenants leased spaces in the 8th & Main, Banner Bank, and US Bank buildings. 19,300 SF leased to Building Materials Corp at Washington Group Plaza in Southeast Boise (9.4%). ProTeam vacated 18,400 SF on Bridger Street in West Boise where vacancy increased to 13.1%. Eagle Vision One completed construction on a new office building in Eagle (8.0%).
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Could Meridian, Idaho be the best place to live in the US?

According to a recent article in USA Today, yes it is! 24/7 Wall Street studied 550 US cities with populations over 65,000 people and found that Meridian, Idaho is #1 based on a variety of factors including crime rates, employment growth, access to restaurants and attractions, and housing affordability. The study found that while a number of factors contribute to an individual's or family's relocation, jobs are the primary driving force behind a decision to move. 24/7 Wall Street found that 41 of the top 50 cities to live in had unemployment rates lower than the national average, and that all but 5 cities had faster job growth. Read the rest of entry »

Lease rates are up across all sectors in Q4

Asking lease rates for office, industrial and retail are up across the board in the fourth quarter of 2015. Office rates saw the largest quarter over quarter increase, up an average of $.30/SF (annual Full Service) over the past 90 days. Industrial rates have risen $.03/SF to $.48/SF (monthly NNN) and retail rates averaged across the market are up $.15/SF to $14.00/SF (annual NNN). Read the rest of entry »