NSTAR Global Services leased 10,520 square feet of industrial space in Federal Way Commerce Center, located at 527 W. McGregor Court in Boise. Dan Minnaert and Devin Pierce of TOK Commercial represented the tenant.
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Taylor Commerce Park Welcomes Alaska Specialty Products
Alaska Specialty Products, LLC leased 2,090 square feet of industrial space in Taylor Commerce Park, located at 1130 W. Taylor Avenue in Meridian. Dan Minnaert and Devin Pierce of TOK Commercial facilitated the transaction.
Treasure Valley Graphics Opens at 11523 Fairview Ave.
Treasure Valley Graphics leased 2,000 square feet of industrial space at 11523 Fairview Ave. in Boise. Dan Minnaert and Devin Pierce of TOK Commercial represented the owner.
Desirable Retail Vacancies Are Quickly Back-Filling
The retail industry saw the largest impact from COVID-19, but in the Boise MSA that impact is still only minimal thus far.
Net absorption decreased in Q2 but still ended the quarter in positive territory (131,000 square feet), compared to negative absorption (-320,000 square feet) a year ago.
Idaho's CRE Market Health | August 2020
Even as the stock market posts record-setting gains, TOK Commercial’s most recent data points to impressive gains for both sales and leasing activity in commercial real estate markets across Idaho. While the trends are very encouraging, they also pose nuanced complexities that commercial real estate participants are grappling with.
Boise MSA Office Market Continues Positive Momentum
Despite a worldwide pandemic, the Boise MSA’s office market has thus far experienced a milder impact than expected.
Net absorption ended Q2 at 243,000 square feet, a moderate decrease compared to 12 months ago (290,000 square feet), but still higher than the first half of both 2016 & 2017. Overall vacancy decreased from 5.8 percent at the end of 2019 to a current all-time low of 5.2 percent.
Idaho Falls Economic Model Shines During Pandemic
While the past few months have created major setbacks and challenges for most cities' economies, Idaho Falls has proven to have a recipe for economic stability despite the pandemic.
Donald E. Larson DMD Renews Office Space in Eagle
Donald E. Larson, DMD renewed his 2,260 square feet of office space located at 700 E. State Street in Eagle. Chris Pearson of TOK Commercial facilitated the transaction.
Idaho Division of Vocational Rehab Leases Meridian Office Space
The State of Idaho, Idaho Division of Vocational Rehab leased 4,252 square feet of office space located at 100 S. Adkins Way in Meridian. Karena Gilbert of TOK Commercial represented the tenant.
C.W. Moore Plaza Welcomes New Tenant Ulteig Engineers
Ulteig Engineers, Inc. leased 6,302 square feet of office space in C.W. Moore Plaza, located at 250 S. 5th Street in Boise. Karena Gilbert and Patrick Shalz of TOK Commercial represented the landlord.