For as long as I can remember, I've always said that West Boise is a strong market, for both sales and rental properties. When I was a kid, the busiest intersection in all of Idaho was Fairview and Cole Road. In fact, as a kindergartner, I walked 3/4 of a mile every day to Cole school. Boy, have things changed in those regards, but let's get back to my point with the rental market. In the past ten years, we have seen great business growth near Eagle Road and Overland. Those businesses support a good rental market in the vicinity. Meridian's "The Village," located on Eagle Road and Fairview, is a mall-like atmosphere never seen before in the Boise area. I'm told that the fountains were designed by the same guy who did the Bellagio in Las Vegas. And interesting enough, I'm told that the project was funded by the company that manages the investments for the California Teachers Association.
Also interestingly enough, rents for buildings near the Ten Mile and Pine area get about $75 per month more than their identical older twins near Fairview and Locust Grove. To my point, the Boise hot spot has been moving westward and I wonder when and where it will stop as Ada and Canyon counties collide.
Oh, since I shared my kindergartner story, I thought I would share another story relative to the Eagle/Fairview intersection. When I was in high school, Eagle Road was a two-lane road. From the freeway, we had a stop light at Fairview and a flashing light at the intersection Eagle Road and Chinden. I could get from the freeway to Eagle in under ten minutes. Today, it takes me about 30 minutes and has so many signals I couldn't even count them all. I am feeling a little old now.
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- Quarter 2 Vacancy Information
- We're Calling it: Rental Market Softens
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- Swope Investment Properties Investor Newsletter
- FRPM 1st Quarter Vacancy
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