Apr

6

2008 Kootenai County Commercial Real Estate Survey

Filed Under Kootenai County, Local Market 

This coming week we will be posting a five part series on the commercial real estate market in Kootenai County. The content is from a new market report released by Coldwell Banker Commercial. We will be covering the different sectors in our market in the following order:

Monday - Office
Tuesday - Retail
Wednesday - Land & New Construction
Thursday - Multi-Family
Friday - Industrial

Today, we would like to provide a brief overview of the report and detail the survey methodology.

Overview & Survey Methodology

Coldwell Banker Commercial Schneidmiller Realty is pleased to present a Kootenai County Commercial Real Estate Market Report. Our purpose is to present valuable information for investors and building owners who are affected by our evolving market. We have collected statistics from many different sources and compiled the data in a concise manner.

This report focuses on the most populous places within Kootenai County, namely Coeur d’Alene (34,785), Post Falls (17,028), Hayden (9,361), Rathdrum (4,891), and Dalton Gardens (2,260). Our analysis attempts to give a definitive study of past trends and future indicators that both have and will characterize our market.

New data from a Kootenai County survey by Auble, Jolicoeur & Gentry and Coldwell Banker Commercial Schneidmiller Realty gives insight into our market that was not possible before. The 2007 survey sampling encompassed over 8.5 million square feet of commercial buildings which equates to 32% of the commercial buildings identified in our market. Going forward, we will continue with a semi-annual survey that will give us the ability to track historical trends in vacancy rates, rental rates and absorption rates.

The data in this report largely reflects the continuation of a strong market for commercial real estate activity in Kootenai County. Low interest rates and economic growth have contributed to a relatively stable commercial market.

At Coldwell Banker Commercial Schneidmiller Realty, we appreciate the opportunity to work with our valued clients and build relationships based on superior service. Each member of our team strives to meet your needs and help you fulfill your goals. We thank you for your business.

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