TOK Commercial’s data and expert opinion on the businesses and trends for Idaho’s commercial real estate market indicates: sales and leasing activity continues at about 50% off the pre-Covid-19 pace and doesn’t indicate any significant near-term change in those metrics. While Idaho’s weekly Sales and Leasing Activity metrics offer a glimpse into today's conditions, watch our Sales Pipeline Predictor data closely, as it will indicate when Idaho's CRE market begins to recover.
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Retailers Begin to Rebound from COVID-19 Impact
The past month brought a glimmer of hope for Idaho retailers moving forward. May 1st marked the beginning of Idaho’s Stage 1 of reopening, with many non-essential retailers being allowed to open their doors for the first time in over a month. Stage 2 of reopening began May 16th – allowing for another wave of business owners to open –including dine-in restaurants, salons, and fitness centers. Stage 3 began last week, on May 30th, as most remaining retailers – such as bars and movie theaters – were able to open their doors. Although shopping, entertainment, and services may look different as retailers must still adhere to business protocols – the buzz of excitement is in the air.
Envision 360 Inc. Purchases Southeast Boise Property
Envision 360 Inc. purchased a mixed-use development site located at 5165 E. Warm Springs Ave. in Southeast Boise. John Stevens of TOK Commercial represented the buyer.
Hothead Headliners Lease Industrial Space in Boise
Hothead Headliners leased 10,500 square feet of industrial space located at 8068 W. Woodlark Road in Boise. Chris Pearson of TOK Commercial facilitated the transaction.
Venue Event Service Renews Lease in the Eagle Industrial Center
Venue Event Service renewed their 1,440 square feet of industrial space in the Eagle Industrial Center, located at 1762 E. State Street in Eagle. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction.
Idaho CRE Market Health
Buoyed by positive employment news, TOK Commercial's June 5th data shows that Idaho commercial real estate activity is similarly showing optimistic signs of improvement as evidenced in declining rent relief requests; a gradual resurgence of newly leased space across sectors; and sale transactions spurred by value-add opportunities inherent in market conditions which are evolving, as parties react to changing market metrics. The Idaho Business Review also referenced TOK's "near-real time snapshot of Idaho CRE trends" in an
Idaho Youth Ranch Renews Lease in the Kendall Center
Idaho Youth Ranch renewed their 11,952 square feet of industrial space in the Kendall Center, located at 5325 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction.
Analysis: Covid-19's Impact on Land and Development in Idaho
COVID-19's "New Normal" Evaluated
As we continue to see the market rapidly change due to the effects of COVID-19, we are constantly hearing the question, "What is TOK’s outlook on the future of the real estate market in the Boise MSA?"
Rent Relief Data Analyzed by TOK's Research Team
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 genera
How COVID-19 Will Impact the Future of Office Space: Thoughts from a Tenant-Rep Broker
Author: Laurie Reynoldson, CCIM
I’ve received a number of questions from my office tenant clients recently about how COVID-19 will impact the future of office space.