Boise, ID – The Northwest’s leading full-service commercial real estate company, TOK Commercial, is pleased to announce the promotion of seven new partners to its ownership group. The group exemplifies the firm’s commitment to creating meaningful career opportunities for TOK’s team of professionals.
Listed in alphabetical order, the new partners include:
The Titan Center's leasing team of Brian Wilson, Brent Wilson, and Gavin Phillips are excited to announce their partnership with Portneuf Valley Soccer Club in locating a space that would allow the club to open a "state of the art indoor sports facility which will provide the 2,000-plus registered players and their families associated with the club a much-needed space to practice indoors throughout the year" has resulted in the club's plans to open their new facility in the
We're thrilled to share that three of the cities where our offices are located were recently recognized as 2023's Best Performing Cities by the well-respected Milken Institute. The Milken Institute's BPC rankings offer an objective evaluation of the economic performance of US metropolitan areas based on 12 key measures that cover labor market conditions, high-tech impact, and access to economic opportunities.
Per the report, three trends emerged:
The cities’ performance is closely related to growth in jobs and wages and the expansion of high-tech industries drives this growth. Idaho Falls (the top-ranked small city) stands out in its growth of jobs and wages in high-tech concentration.
March 17, 2025
BOISE VALLEY
All In One Moving, LLC leased 3,353 square feet of industrial space located at 7413-7557 Mossy Cup Street in Boise. Gavin Phillips of TOK Commercial represented the landlord. Gordan Clemens of Lee & Associates Idaho represented the tenant.
Double Tap Electric, LLC leased 3,014 square feet of industrial space located at 1121 N. 39th Street in Nampa. Chris Pearson and Mike Arnold of TOK Commercial represented the landlord and tenant.
Cascade Autoglass, Inc. leased 1,680 square feet of industrial space located at 689 E. Access Street in Kuna. Chris Pearson, Mike Arnold, and Sam McCaskill of TOK Commercial represented the landlord and tenant.
Wetfuel, LLC leased 0.34 acres at 220 N. Phillippi Street in Boise. Dan Minnaert, Devin Pierce, and Mike Arnold of TOK Commercial represented the landlord and tenant.
Twin Falls Trailer Rental is an established and profitable trailer rental business, now seeking new ownership and location!
In the realm of commercial real estate investment, a pragmatic focus on self-storage markets is gaining traction among discerning investors. The increasing demand for secure, convenient storage solutions nationwide positions this sector as a promising arena for those seeking sustainable returns.
Front and center in this growing market is Star Storage, a self-managed 310-unit facility poised for substantial growth. Recent operational improvements have resulted in an 87% occupancy rate for enclosed units and 61% for RV spaces, highlighting immediate profitability. The facility's strategic location further aligns with economic trends, presenting a noteworthy investment opportunity.
Introducing Thomson Farms, a 55-acre mixed-use development that seamlessly integrates low, medium, and high-density housing with a conveniently located grocery-anchored shopping center. Approved as a Planned Unit Development (PUD) in 2017, the first two phases of the apartment complex were successfully completed in 2020, offering 190 fully stabilized, cash-flowing units. Future phases will unfold on an additional 47.13 acres, featuring single-family residential lots, townhomes, and retail spaces, completing this ambitious and well-planned community.
Prime Location, Exceptional Value
While the past 11 quarters saw positive absorption levels, net absorption ended the third quarter negative for the first time in three years as a number of large retailers went out of business or closed locations. Some of these companies include Reel Theater in North Boise, Rite Aid closing a location in South Meridian, and Trade Viet Grocery going out of business in Southwest Boise. In addition, a limited number of large spaces leased in Q3 with only one transaction absorbed above 10,000 square feet. Net absorption’s annual total still remains positive, but is likely to end lower than both 2022 and 2021’s totals.
Net absorption in Q3 totaled 167,000 square feet, the strongest quarterly net absorption in over a year. Vacancy in the office sector has been steadily rising since last year. Multitenant vacancy rose two percent from the beginning of the year reaching 11.9 percent, the highest it has been since Q1 2021.
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