CBRE Lists Boise Office Property at 405 W. Myrtle Street in Downtown Core

CBRE Lists Boise Office Property at 405 W. Myrtle Street in Downtown Core

Commercial real estate services firm CBRE Group has circulated a listing for a property at 405 West Myrtle Street in Boise, Idaho, according to a release distributed through the company’s brokerage channels.

The address places the asset in Boise’s downtown district, an area that has drawn attention in recent years as the Idaho capital has ranked among the faster-growing metropolitan markets in the western United States. Listings of this type typically cover leasing or sale opportunities for office or mixed-use space, though the release did not detail asking terms, square footage, or tenancy.

CBRE is the largest commercial real estate services company in the world by revenue, operating across brokerage, capital markets, property management, and investment management. The firm’s Boise listing reflects the continued activity of its advisory network in smaller but expanding western markets, where office inventory has shifted as employers reassess space needs following the pandemic era.

For investors tracking the company, the Boise transaction is a routine example of the deal flow that feeds CBRE’s Advisory Services segment, which generates brokerage commissions and leasing fees. The stock traded at $140.90 in recent activity, up 0.28% from a previous close of $140.51, giving the company a market capitalization of roughly $40.5 billion. CBRE is classified in the real estate services industry and operates through segments including Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments.

Downtown Boise’s office market, like many mid-size western markets, has seen landlords and brokers adapt to evolving demand, with tenant interest concentrated in newer or well-located buildings. Marketing an asset such as 405 W. Myrtle Street through a national platform like CBRE gives local owners access to a broader pool of regional and institutional buyers and tenants than a purely local brokerage might reach.

Details on pricing, building specifications, and any transaction outcome were not included in the initial announcement. Market participants in the region will be watching for further disclosure.

What to watch

• Whether the property trades or secures a tenant, and any disclosed pricing or lease terms.
• CBRE’s upcoming quarterly earnings report, which will detail brokerage and leasing revenue trends across its Advisory Services segment.
• Additional listings or closed transactions by CBRE in the Boise market as an indicator of regional commercial activity.

Source: original release