Jacksonia Corporation purchased a 10,000 square foot, 100% leased, Class A office building located at 2667 E. Gala Court in Meridian. John Stevens of TOK Commercial facilitated the transaction for the buyer and seller.
Nurturing Connections leased 3,077 square feet of office space located at 1379 E.17th Street in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction for the tenant and landlord.
Home Health Environmental leased 3,250 square feet of industrial space located at 805 Northgate Mile in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction for the tenant and landlord.
The amount of sublease space on the market has been increasing since the beginning of the pandemic, both locally and nationally. Many companies, such as call centers, transitioned their staff to work from home setups and some have decided not to return to the office. In many cases, those choosing not to return are national tenants whose policy across the nation is to remain in work from home situations. Pre-COVID, the amount of sublease space on the market in the Boise MSA was 137,000 square feet. Currently, there is 417,000 square feet of sublease space on the market, down slightly from the peak of 466,000 square feet. Downtown Boise and Meridian comprise over 50 percent of the total on the market.
Vacancy in the Retail market continues to tighten as demand from retailers remains high and new construction is repressed by high construction costs.
New construction may be hindered by high construction costs, however some projects are able to successfully move forward with spec buildings and build-to-suit options. Many of these are occurring in grocery-anchored centers such as the pads in front of Costco and Winco on Chinden Blvd in North Meridian. New buildings on these pad sites are a mix of unanchored strip centers and bank or quick service restaurant sites.
Honeywell International, Inc. renewed their 2,568 square feet of office space in Westpark Corp. Campus, located at 9941-9955 W. Emerald Street in Boise. Patrick Shalz, Dan Minnaert and Devin Pierce of TOK Commercial represented the landlord.
H&H Printing, LLC leased 1,440 square feet of industrial space in Shoreline Business Park, located at 547 Access Street in Kuna. Chris Pearson of TOK Commercial represented the landlord.
Pick Me Up Drinks, LLC leased 1,500 square feet of retail space in the Midtowne Spectrum Shops, located at 2101 N. Cassia Street in Nampa. Brianna Miller and Dustin Mortimer of TOK Commercial facilitated the transaction.
Bohyme Beauty Boutique leased 1,080 square feet of retail space located at 901 Main Street in Caldwell. Brianna Miller and Nick Schuitemaker of TOK Commercial facilitated the transaction.
TnT Holdings, LLC purchased an office building on Clearview Lane in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction.
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