Evergreen Technology renewed their 3,600 square feet of retail space located at 401 N. Main Street in Meridian. Holly Chetwood of TOK Commercial facilitated the transaction for the tenant and landlord.
Multifab, Inc. renewed their 9,694 square feet of industrial space in TK2 Industrial, located at 3657-3685 TK Avenue in Boise. Dan Minnaert and Devin Pierce of TOK Commercial facilitated the transaction for the tenant and landlord.
Stericycle, LLC renewed their 10,462 square feet of industrial space in the South Cole Business Park, located at 2855 S. Cole Rd in Boise. Gavin Phillips of TOK Commercial facilitated the transaction for the tenant and landlord.
Valley Office Systems renewed their 12,995 square feet of industrial space in the Kendall Center, located at 5461 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction for the tenant and landlord.
DH Homes leased 2,436 square feet of industrial space in Flex Work Space, located at 6063 W. Corporal Lane in Boise. Chris Pearson, Nick Schuitemaker and Peter Oliver of TOK Commercial represented the landlord.
Office sublease space has increased 50% from Q1 2022. The Boise MSA currently has 626,000 SF of office sublease space on the market. Meridian and Downtown Boise submarkets both have approximately 650,000 SF of office lease and sublease space available.
While industrial activity has slowed by 5 percent from Q1 2022, compared to last year (2021) the number of industrial deals are up 7 percent. Organic growth is expected to continue to drive industrial leasing activity with the addition of new tenants and tenant expansion occurring throughout the Boise Valley.
Retail commercial activity has remained strong. The total number of transactions are up by 22 percent from the first quarter of 2022. With strong leasing activity, the overall vacancy rate for retail space is at a record low of 5 percent.
Jae Foundation purchased 1881 E. Pole Line Road in Twin Falls. Grayson Stone and Holly Chetwood of TOK Commercial represented the seller.
GMA Idaho, LLC purchased an industrial property located at 221 Roedel Avenue in Caldwell. JP Green, Mike Greene, Nick Schuitemaker and Peter Oliver of TOK Commercial facilitated the transaction for the buyer and seller.
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. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908