Cushman & Wakefield/Commerce Reports Boise Experienced Strong but Tight Commercial Real Estate Market in 2015
BOISE, Feb. 8, 2016 – Commercial real estate in the Boise area had a strong 2015, according to Cushman & Wakefield/Commerce. The firm released its 2015 Year-End Market Review report detailing the state of commercial real estate in the Boise area, including the office, industrial and retail markets.
“Commercial real estate in the Boise area saw rental rates continue in an upward trend as demand increased and vacancy rates dropped,” said Tim Reid, market leader of Cushman & Wakefield/Commerce Idaho Region. “Although all three market segments, office, retail and industrial, were strong in 2015, the retail market was the shining star as it continued to outperform the others as the economy continued to grow. This has been the seventh consecutive year now that more retail stores opened than closed.”