Inspirado Development Drives Attention to an Upcoming Treasure Valley Growth Boom Area

Submitted by Marketing Team on Tue, 02/11/2025 - 15:01

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 corner of Star Rd and Chinden Blvd, providing a unique opportunity to fill a high-demand retail gap in a prime visibility location. 

Q1 2025 Boise MSA Industrial Market Trends

Submitted by Marketing Team on Tue, 02/04/2025 - 06:40

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 in smaller deals. Over 1.8 million square feet of industrial space was absorbed by tenants expanding or opening new locations in 2024, highlighting that organic growth remains the primary driver in the Boise industrial market.


 

 

TOK COMMERCIAL WELCOMES DREW ULRICK

Submitted by Marketing Team on Thu, 01/16/2025 - 07:01

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 a wide variety of industrial and retail tenants, landlords, owners, buyers, and investors, guiding them through project lease-ups, acquisitions, and dispositions of commercial real estate, assets.  

Q4 2024 Boise MSA Retail Market Trends

Submitted by Marketing Team on Fri, 11/15/2024 - 14:49

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.

Q4 2024 Boise MSA Industrial Market Trends

Submitted by Marketing Team on Wed, 11/13/2024 - 20:02

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 the end of June. Overall months of supply has also increased to 18.7 months, up from 12.6 months at this time last year. 

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