Idaho was ranked as the #1 spot for economic growth, even during the height of the pandemic. Check out the latest Office, Retail and Industrial CRE research in our Q1 2021 Treasure Valley market reports.
Q1 2021 Treasure Valley Office Market Report
Having a strong economy, unemployment rate this quarter has reached a more stable level of 3.3% when compared to 6 months ago at 6%. While some offices continue to work remotely, local businesses are steadily shifting employees back into the office with the rollout of the vaccine.
Q1 2021 Treasure Valley Retail Market Report
Idaho appears in a very strong position and may be among the lowest risk markets for retail properties. Effects of COVID will likely linger but not as much as we enter into warmer weather and outdoor dining is more heavily utilized.
Q1 2021 Treasure Valley Industrial Market Report
Last quarter, we predicted strong growth in Ada and Canyon County in the industrial sector and are observing that this quarter. Industrial properties continue to lead the asset classes in the Treasure Valley and display tremendous growth, historic low vacancy rates and high absorption levels.
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