TOK's property management portfolio includes nearly 1,000 tenants located across three key Idaho markets (Boise MSA, Magic Valley and Eastern Idaho). Utilizing data from our portfolio, we've been able to gather and analyze the Rent Relief requests that have been submitted to our property managers. The metrics we've collected offer a view to general business health by comparing the types of rent relief concessions that tenants are requesting as well as the market sector that they represent - office, industrial and retail.
In a recent Idaho Business Review article evaluating the Boise MSA commercial market's first quarter, our data is referenced and offers valuable insight into local rent relief requests by tenants. Specifically, the article discusses the fact that 36% of retail tenants requested rent relief (as compared to 9% of office tenants and 11% of industrial tenants).
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