Submitted by
Marketing Team
on
Mon, 05/05/2025 - 10:48
We’re here, we’re growing, and we’re ready to make an impact.
TOK is expanding into the Inland Northwest with a brand-new office in downtown Spokane! Our growth was recently spotlighted by the Spokane Journal of Business, and we couldn’t be more excited to bring our proven sales, leasing, and management expertise to a market on the rise.
Submitted by
Marketing Team
on
Fri, 05/02/2025 - 15:29
Total retail construction in the Boise MSA reached over 96,000 square feet in the first three months of 2025. Notably, the North Meridian area emerged as the primary development hub, accounting for 36 percent of this total. Significant projects completed during this period include a 7,000-square-foot strip center at 179 Ten Mile and the opening of Idaho Pups & Ales at Ten Mile Crossing.
Submitted by
Marketing Team
on
Thu, 05/01/2025 - 07:58
Nearly 68 percent of current industrial listings in the Boise MSA are for Class A space, with the majority of that inventory targeting larger users. As a result, tenants seeking spaces over 10,000 square feet have more options, which gives them greater leverage in negotiations.
Over the past 12 months, the average lease rate for industrial spaces larger than 10,000 square feet was $0.84 per square foot. This is significantly lower than the average rate for smaller spaces, which is $1.01 per square foot. As demand for smaller spaces remains high, lease rates in this segment continue to stay elevated.
Over 1.7 million SF was absorbed by tenants expanding or opening an additional location in the last 12 months. 70% of new to market deals leased to tenants over 7,000 SF.
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Submitted by
Marketing Team
on
Mon, 04/21/2025 - 10:38
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 space is planned or under construction, with owner-users driving most new projects.
North Idaho’s Industrial market is expected to remain tenant-favorable as high vacancy levels are likely to put downward pressure on lease rates. Overall lease rates have dropped 3 percent, from $1.00 per square foot to $0.95 per square foot (NNN, monthly), with Post Falls seeing the lowest rates at $0.93 per square foot, where vacancy remains an elevated 31.2 percent. While there is pent-up demand from local businesses looking to expand, high costs have made it difficult for tenants to grow.
Submitted by
Marketing Team
on
Wed, 02/26/2025 - 16:34
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 down by over 50 percent from 2023. Despite a decrease in transaction volume, the multifamily sector still led the market in sales volume, recording over $162 million in 2024.
Transaction volume is down 16% compared to 2023, marking the lowest level seen since 2016. The multifamily sector accounted for over 34% of sales volume.
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.
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.
