Commercial Real Estate Outlook
By Colliers in Idaho
Copyright © 2022 Colliers Paragon, LLC.
Commercial Real Estate OutlookMar 28, 2022
S2E3: A discussion with Boise Metro Chamber of Commerce – The voice of business in the Treasure Valley.
Idaho has always had a strong legacy of clusters in the food/ag and technology industry, as we continue to grow we are starting to see new niche-y clusters coming to the Treasure Valley and surrounding cities – the biggest concern – do we have the right industries and workforce to support them. In this episode you will hear from Bill Connors, President & CEO of the Boise Metro Chamber of Commerce, as he discusses the how our Chamber synergizes with three critical organizations and almost 2,000 chamber members to create a more efficient and strategic advantage addressing the current challenges of the community. Also, gain insight on what projects the Chamber is focusing on and what initiatives and programs can be seen in 2022.
S2E2: A discussion with Washington Trust Bank – The inside scoop on interest and inflation rates.
The world has begun to rebound since the height of the pandemic, adversely supply chain restrictions have inflated our economy. In this episode you will hear from Andy Beitia, Southern Idaho Regional President for the locally and privately held Washington Trust Bank, as he discusses why their company culture is founded on hiring the right people and building strong local relationships with their clients as they grow together in Idaho. Additionally, his economic perspective related to residential and commercial affordability trends and how psychological impact is affecting a generation of young individuals who have never seen signification interest and inflation fluctuations caused by major historical events.
S2E1: A discussion with ESI, Inc. – Construction in the current market.
The pendulum swing of supply and demand for building materials is the biggest challenge in the current construction climate, from lumber and steel to oil and transportation. In this episode you will hear from Lee Schrack, Vice President of Business Development for Engineered Structures, Inc. (ESI), as he discusses why collaboration plays the most vital role in construction and planning, along with how their business is leveraging their 40+ years of experience as trusted advisors to help clients effectively strategize their building development plan and how they are diversifying their portfolio as new infrastructure needs and national developers enter the Idaho market.
S1E7: What’s driving housing demand, who are new players in the Boise, Idaho market and across the Intermountain West?
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.
S1E6: Eastern Idaho: the undiscovered gem in Idaho.
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.
S1E5: Retail is the ever-evolving product type, how is it currently adapting?
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.
S1E4: Will the demand last for new spec industrial development?
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.
S1E3: How opportunity zones are reshaping our cities.
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.
S1E2: The Idaho land rush, housing and meeting the needs for development.
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.
S1E1: Landlord vs. Tenant Expectations – What’s the gap?
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.
Trailer: Commercial Real Estate Outlook Podcast
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.