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.
Treefort Insurance, LLC & Rosandick Insurance, LLC leased 2,620 square feet of office space located at 2119-2127 W. Overland Road in Boise. Chris Pearson and Kekaula Kaniho of TOK Commercial represented the landlord.
FanFave, Inc leased 3,518 square feet of industrial space located at 2177 E. Dunyon Street in Eagle. Erik McNary of TOK Commercial represented the landlord/tenant. John Stevens of TOK Commercial represented the landlord.
Stanley Industrial IF, LLC purchased 1.40 acres located at TBD E. Stanley Street in Idaho Falls. Brent Wilson and Brian Wilson of TOK Commercial represented the buyer. Nick Terry of TOK Commercial represented the seller.
Commercial Real Estate Transactions
Subway Real Estate, LLC renewed their 1,781 square feet of retail space in McMillan’s Corner located at 13601 McMillan Road in Boise. JP Green of TOK Commercial represented the landlord.
Surefire Cleaning Services is a well-established, full-service cleaning company now seeking new ownership!
Established in 2017, this Twin Falls-based company has a strong presence in the Magic and Treasure Valley markets and is expanding its line of service to all of Southern Idaho.
In March 2023, Maggie Thai Kitchen, a healthy Asian-fusion food truck concept that had grown a very successful business with a loyal client base over the past three years, decided to begin searching for a restaurant location to take their operations to the next level.
The team from TOK Commercial recently had the privilege of attending and sponsoring the Industrial Asset Management Council (IAMC) Fall 2023 Forum in Boise, Idaho. IAMC is the world's preeminent industrial and manufacturing real estate trade association. The group's mission is to provide a dynamic platform for professional development, networking, and a treasure trove of resources for its members, both in the United States and abroad.
We invite you to explore the latest insights and trends in the dynamic world of commercial real estate with our comprehensive timely reports for featured for the state of Idaho. Our meticulously curated market statistics provide valuable data-driven perspectives, enabling you to make informed decisions in this ever-evolving landscape.
Our experienced team of professionals are specialists in their field of expertise and are equipped with extensive market data that powers our brokerage's research, marketing, and advisory teams. We represent the most influential tenants doing business in Idaho. Our experienced team helps industrial and office tenants select the right location for their businesses by analyzing a company's optimal positioning by factoring in location, size, rent, competition, employee drive times,
Yesterday, Boise Dev hosted their inaugural new major event; The Intersection. The Intersection took place at the heart of Downtown Boise, inside the Braintree Group Athlos building, and it was nothing short of a resounding success. With over 150 attendees gathered over breakfast and coffee, it was evident from the outset that this event was something special.
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