Commercial Real Estate Outlook

With Boise moving into the no. 2 spot of the most over-priced housing in North America, the biggest topic on everyone’s mind is housing, and more importantly, affordable housing. In this episode you will hear from our Multifamily & Investment brokerage advisors, Clay Anderson and Spencer Hansen, as they discuss what’s being done to address the housing shortage, what the new players in the Intermountain West market look like and additional ways they are approaching the future inventory.

When people think of Idaho, they typically think of the Treasure Valley, however, as we continue to see growth in the Boise, MSA, we are seeing more demand stretch to our surrounding cities in the Portneuf Valley and the Snake River Valley.  In this episode you will hear from one of our Eastern Idaho brokerage advisors, Don Zebe, as he discusses how these small, more remote cities are seeing growth in retail, residential and industrial sectors, along with the sales and business programs he is developing at his alma mater, Idaho State University.

As consumer spending continues to accelerate, the pressure is on the tenants to adapt their business model and meet the consumer demand in a constantly shifting environment.  In this episode you will hear from brokerage advisors, Mike Christensen and Bryan Vaughn, as they discuss how the pandemic has required retail locations to evolve, in real time, to accommodate the expectations of their users and customers. Along with how lease terms and clauses are changing to protect their businesses in the future if the market takes a downturn or is impacted by the next macro event.

With historic low vacancy rates in Boise, is the demand still coming to the Treasure Valley to warrant the light and big box industrial spaces that are being developed? In this episode you will hear from brokerage advisors, Steve Foster and Jake Tucker, as they discuss hot new locations being looked at for industrial development and how neighboring states will see the most impact to that growth.

Downtown Meridian, Nampa, Twin Falls and many other surrounding cities are about to see their skylines change in a major way; however, there are critical factors that could hinder the growth within those communities. In this episode you will hear from brokerage advisor, Lincoln Hagood, as he discusses the rapid changes occurring in Ada County vs Canyon County, along with his involvement in the Galena fund and how they are working with the state of Idaho to identify opportunity zones in an effort to reshape and revitalize our cities.

The pandemic created the perfect storm for accelerating relocation across the nation with Idaho ranking in the top 5 locations for 2021 hottest real estate markets. In this episode you will hear from land brokerage advisors, John Starr and Jimmy Roumanis, as they discuss the sectors of the market that are driving this growth.  They will also add insight into the next opportunity of land and what the developers and the state of Idaho are doing to enable growth while prices continue to soar in both commercial and residential development.

As we see continued growth in the Idaho Office market, there is a widening of expectations between what the current office design offers and the expectations on what tenants need. In this episode you will hear from office brokerage advisors, Scott Raeber and Lance Millington, as they uncover the way landlords are adjusting their space and clauses to accommodate for how employers are returning to the office. Hear their recommendations on what tenants should be planning for now – not only with cost but timeline.

Welcome to the Commercial Real Estate Outlook podcast, a monthly show where we take a closer look at commercial real estate happenings. On our show, you’ll hear special guests break down pro-tips, industry news, and the latest trends shaping the Intermountain West’s commercial real estate market.