OUTLOOK REGIONAL
D.C.'s Big Deal The next fast-food trend coming your way: conveyor-belt sushi. London- based Yo! Sushi opened its fi rst U.S. franchise location in Washington, D.C.'s Union Station, with two more D.C. locations planned for this year. The company expects to have at least 10 outlets in the Mid-Atlantic corridor between Washington and Philadelphia and is considering Chicago, Miami, and Dallas as part of its initial U.S. push to open 12 U.S. locations by the end of 2013. Likely sites: high foot-traffi c sites in urban locales, suburban lifestyle centers, and college towns, according to qsrmagazine.com.
EAST
WE ST
Á Idaho Investment Improves SOU T H Ä
"YTD, 90% of our transactions have been leasing and 66% of those deals have been offi ce. Retail accounted for 13% of our
closings." — Coldwell Banker Commercial M.M. Parrish Realtors, Alachua County, Fla., 2Q12 Market Summary
42 September | October | 2012
Commercial investment volume in the Boise market is nowhere near its 2007 high of $410 million, but it is headed toward a projected $118 million by year-end — the highest level since 2008, according to T ornton Oliver Keller Commercial Real Estate's midyear report. Deal volume is up 20 percent from last year. Seasoned investors are buying, looking for quality assets in the $500,000 to $1.5 million range, with most activity occurring at the upper price points. T e area has seen more 1031 deals in the fi rst half of 2012 than in the past three years combined. Capitalization rates for well-positioned properties are in the 6 percent to 7 percent range, while generally cap rates average between 8 percent and 9 percent.
Boise MSA Investment
Sales by property type
Storage 13% Industrial 8%
Offi ce 36% Multifamily 13%
Source: Thornton Oliver Keller Retail 30% Commercial Investment Real Estate