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.
WCB Holdings, LLC purchased 40 acres on South Five Mile Road in Kuna. Lenny Nelson and Sam McCaskill of TOK Commercial facilitated the transaction for the buyer and seller
Bodybar Pilates leased 2,964 square feet of retail space located at 57 N. Echohawk Lane in Eagle. Holly Chetwood of TOK Commercial represented the landlord.
DC Marketing Group, LLC leased 1,200 square feet of retail space in Les Bois Marketplace, located at 5865 N. Glenwood Avenue in Garden City. John Stevens and JP Green of TOK Commercial represented the landlord.
JC Eagle Concrete leased 0.8 acres at 11230 W. Joplin Road in Boise. Holly Chetwood of TOK Commercial represented the tenant.
Potter Wines renewed their 3,360 square feet of industrial space in the Chinden Business Center, located at 5226-5290 Chinden Blvd. in Boise. Dan Minnaert and Devin Pierce of TOK Commercial facilitated the transaction for the tenant and landlord.
Gym Stars Gymnastics Center renewed their 5,000 square feet of industrial space located at 11915 W. Executive Drive in Boise. Dan Minnaert and Devin Pierce of TOK facilitated the transaction for the tenant and landlord.
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