Key takeaways

  • Office properties have rebounded from the pandemic impressively. Along with positive quarterly and year-to-date net absorption, both markets have seen stable asking rates and decreasing vacancy. These are all promising signs for the second half of the year
  • Retail properties entered 2021 on a strong note, and the second quarter has brought more positive signs for the health of the market. Year-to-date positive absorption and decreases in vacancy have been accompanied by healthy year-over-year asking rates
  • The industrial market continues to demonstrate its health. Both Southern and Eastern Idaho have seen decreases in vacancy for each of the last four quarters, and asking rates have continued to increase at a reliable pace as it becomes clear how desirable these properties are