Tribute Media

Office Update • Total vacancy decreased from 10.2% to 9.8% in December. Multitenant vacancy decreased from 15.0% to 14.6%. • In the Central Boise submarket vacancy declined for the fifth straight month, ending the year at 13.7%.

Office Update • Total vacancy increased from 9.7% to 10.2% in November. Multitenant vacancy decreased from 14.8% to 15.0%.

Vacancy will likely continue its rise in the second half of 2016 as more mid- and big-box stores announce plans for consolidation or closures. The sizable vacancies left behind by such closures will likely not be backfilled quickly.

The pool of buyers looking for quality investment product is deep, however, these offerings are in short supply.

Whether you've hopped on the Pokemon Go bandwagon or not, there's no denying its meteoric rise in popularity.

According to the Idaho Business Review, the Oppenheimer Development Corp. is looking to partner with the Idaho Falls Redevelopment Agency to build a new multi-use development in downtown Idaho Falls.

According to the Breanna Vanstrom of the Boise Regional Realtors, the market is healthy. Vanstrom presented this information at the mid-year housing update last month.

The Federal Bureau of Investigation is expanding their presence in Pocatello, adding up to 300 new jobs to the area. Currently, they have a data center and that current building will be expanded by nearly 100,000 square feet.

The Society of Industrial and Office Realtors' (SIOR), located in Washington D.C., has compiled the Top 100 Office Transactions worldwide by members of the SIOR organization.

Office Update • Vacancy in Central Boise (14.1%) reached a 12 month high when Wells Fargo vacated 32,300 SF on Elder Street. • Direct Orthopedic Care opened a new 18,000 SF clinic on Magic View Drive in Meridian (5.5%).