2025 North Idaho Market Outlook
The Office market in the Coeur d’Alene region is expected to remain steady but supply-constrained due to high construction costs. While 163,000 square feet of new office space was delivered in 2024—36 percent of which was speculative—future speculative development is likely to be limited as developers remain cautious. Currently, only 45,000 square feet of office […]
Q1 2025 Boise MSA Investment Market Trends
In 2024, the Boise Investment market experienced a moderate slowdown compared to the previous year. Total transaction volume decreased by 16 percent, falling from $574 million in 2023 to $482 million in 2024. In addition, number of deals also declined year-over-year by 5 percent. The office sector was particularly impacted, with the number of deals […]
Inspirado Development Drives Attention to an Upcoming Treasure Valley Growth Boom Area
This exciting new development is making a splash in our community and was recently featured in BoiseDev! Inspirado is set to be the largest planned mixed-use development in NW Meridian, offering 195 single-family homes and 48 acres of commercial space. Brokers Brianna Miller and JP Green are listing a prime 26-acre lease and/or build to suit site at the […]
Q1 2025 Boise MSA Industrial Market Trends
In 2024, net absorption in the Boise Industrial market saw a 36 percent decline, totaling just over 1.5 million square feet. This marks the first time in four years that absorption has fallen below 2 million square feet. Despite this decrease, the number of transactions increased by more than 16 percent, driven by a surge […]
TOK Commercial Welcomes Drew Ulrick
TOK Commercial is pleased to announce the addition of Drew Ulrick to the firm’s Inland Northwest brokerage services team. Mr. Ulrick is a highly accomplished industry professional and one of Spokane’s leading commercial real estate agents. His career spans over 11 years offering his clients exceptional market knowledge and representation capabilities. Mr. Ulrick has advised […]
Tok Commercial Announces New Partners for 2025
TOK Commercial is proud to announce the promotion of JP Green and Sam McCaskill to partners. This milestone reflects their outstanding contributions, dedication to client success, and organizational leadership. JP Green specializes in retail leasing, tenant representation, and investment sales. With deep industry expertise and a client-focused approach, JP has played a significant role in […]
Magic Valley Multifamily Market Outlook 2025
What were the Magic Valley’s 2024 multifamily rental rates and what is the outlook for new development in 2025? Rental Rates: Over the past year, rental rates for 1 bedroom and 2 bedroom apartments in the Magic Valley have seen a decline. The average rent for a 1 bedroom unit is now $1,081 per month, while […]
Welcome to Millworx
Post Falls, Idaho – Growth Market The landscape of Post Falls, Idaho is set for a transformative shift. One of the projects at the center of this evolution is Millworx, a meticulously planned, 50 acre-redevelopment project revitalizing the site of the former Idaho Veneer Company. Millworx combines convenient access to commercial space boasting restaurants, fitness, […]
Q4 2024 Boise MSA Retail Market Trends
Fundamentals remained healthy for the Retail market at the end of Q3. Total vacancy ended at 4.3 percent, marking September as the 7th consecutive month where vacancy has remained below 5 percent. Overall vacancy is anticipated to stay tight through the remainder of the year, which will ultimately keep lease rates on the rise. Overall […]
Q4 2024 Boise MSA Industrial Market Trends
Over the past 12 months, the market has seen the delivery of more than 4.3 million square feet of new industrial space. This increase in supply has ultimately caused overall vacancy to remain elevated at 8.6 percent. Multitenant vacancy is currently at 23.2 percent, slightly below the record high of almost 24 percent seen at […]