Recently Sold | Retail Building | Boise, Idaho

Boise, Idaho – June, 2021– Lee & Associates Idaho, LLC has facilitated the sale of a 2,254 SF retail building, located at, 1439 S. Weideman Ave., Boise, ID 83709. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national and international basis.

Chase Erkins, Principal, at Lee & Associates Idaho, LLC represented himself and the Seller, Street Properties, LLC was represented by Randy Limani at the Arthur Berry Company.

What to Expect From the U.S. Industrial Sector for the Remainder of 2021

Whereas the trajectories of other commercial real estate sectors have experienced significant periods of decline, or have been topsy turvy, the story of industrial real estate has been one of success and triumph. Even during 2020, one of the most challenging years for the global economy on record, industrial real estate has not merely survived, it has excelled and thrived. These trends will continue throughout the remainder of 2021 and beyond. This report will analyze the underlying trends causing the success and give you an idea of what to expect from the sector in the second half of 2021.

1. Of the primary sectors in CRE, industrial real estate has performed the best during the pandemic. It continues to be the preferred asset class of real estate investors1 because of the continued dominance of e-commerce. Annual rent growth will be higher than pre-COVID-19, and this increased demand will generate more development in the future.

>> Click here to read the full report.

Sunwest Bank 2020 Economic Forum Recap

The 'Sunwest Bank 2020 Economic Forum' was held in Boise on November 5, 2020. It was interesting to be at a live event again and was facilitated by the Boise Center very well.

At the forum CEO Eric Hovde, gave a great presentation, starting with his thoughts and facts on Covid-19 and the effect on the economy and society in 2020. 

It was interesting to see the two slides he put together based on which presidential candidate gets elected.

The 2021 predictions are a little uncertain. One part that was interesting to me was the prediction of white-collar job layoffs. Eric mentioned there are banks already starting this, and he believes that will increase throughout the next year. A second stimulus package will have a short term impact on how all of this plays out and have some challenging long term implications for our country to dig out of after the stimulus high wears off.

His predictions on interest rates and equity markets suggest good things for Idaho’s real estate market. The increase in demographic shifts from high-cost, high-tax states, coupled with low-interest rates, will continue to push demand and values higher in our real estate market. This is showed in the next photo, with Idaho being the biggest winner by the percentage of net domestic migration.