Even with our current economic state, the Boise industrial market remains strong with total number of deals up nearly 5% over the past 12 months.
The North submarket leads the way in industrial activity while Meridian has the highest gross absorption at 178,600 SF. This number is mostly attributed to Gensco occupying their new 68,000 SF space on Lanark.
Overall industrial vacancy has also remained stable at 3.5%, with multitenant vacancy currently at 7.0%.
Bright Bank leased 4,200 square feet of pad space in The Bridges at Lakemoor, located in Eagle. JP Green of TOK Commercial facilitated this transaction.
Fashion Nail Spa, LLC renewed their 1,334 square feet of retail space in McMillan’s Corner, located at 13613 McMillan Road in Boise. JP Green and John Stevens of TOK Commercial facilitated the transaction.
Cascade Drilling renewed their lease for 3,168 square feet of industrial space located at 6480 Contractor Street in Boise. Chris Pearson of TOK Commercial facilitated the transaction.
Craig Counseling leased 125 square feet of office space located at 1070 Riverwalk Drive in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction.
Rock Bottom Granite leased 14,553 square feet of industrial space located at 5103 N. Sawyer Avenue in Garden City. Chris Pearson of TOK Commercial facilitated the transaction.
Burly Meats, LLC leased 3,010 square feet of retail space at 655 N. Overland Ave. in Burley. Dan Wilhelm and Grayson Stone of TOK Commercial facilitated the transaction.
Summit Spine and Sport Chiropractic, PLLC leased 2,737 square feet of office space located at 1515 Ashment Avenue in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction.
Firehouse Subs leased 1,900 square feet of retail space in Sandcreek Commons, located at 3417 S. 25th E. in Ammon. Brent Wilson and Brian Wilson of TOK Commercial facilitated the transaction.
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.
Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600
Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694
Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148
Coeur d'Alene Office
3322 N. Grandmill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908
Spokane Office
717 W. Sprague Ave. Suite 1202
Spokane, Washington 99201
Main Phone: 509.606.5090