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Would you lease space for $50 per square foot in Boise? & Facebook just did. It must be said, right off the bat, that these deals did not occur in Boise. These two online giants just leased a combined 1.1 million square feet of Class A office space in Seattle. The asking rates for the buildings leased were roughly $32-$38 per square foot, and that doesn't even include the building's triple nets (NNNs). Read the rest of entry »

Boise: #1 on Forbes for where the jobs will be this spring

Job seekers looking for work in the next 3-6 months should look here in Boise, according to Forbes. The Manpower Group, a staffing giant based out of Milwaukee, ranked Boise as the top spot to find spring work. The net employment outlook for Boise is 32%. This means that 32% of the companies polled by Manpower group in Boise responded that they planned to hire more staff in the coming months. Manpower polled a total of 18,000 employers in 100 metropolitan areas to come up with each area's net employment outlook. Read the rest of entry »

A transformation in brick and mortar stores

Predictions of the demise of commercial real estate have existed since Ebay and Amazon pioneered e-commerce in the mid 1990s. To say that bricks and mortar stores are nearing obsolescence would be shortsighted and incorrect. Conversely, to state that today’s falling vacancy rates signify the industry’s immunity to the broad changes occurring in retailing would be equally incorrect. The reality today is a complicated and evolving story of the industry whereby competition, technology and market forces are combining to accelerate changing requirements in commercial retail real estate. Read the rest of entry »

Pending single family home sales up 24% over 2014

Inventory is dropping and prices are increasing steadily…the outlook for 2015 is good. January 2015 was another solid month for the Boise Real Estate Market with all the major indices headed in the right direction or at least remaining fairly stable within the “healthy” zone.  While sales volume was flat compared to a year ago, pending sales, an indicator of future closings, were up 24.3%.
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