Transaction volume picked up significantly in the second quarter, with an increase of over 50 percent in the amount of office square footage absorbed. Midway through the year, net absorption in the Office market already outpaced the amount seen at the end of 2020. Meridian and Downtown Boise have had the most net absorption occur, 192,000 square feet and 105,000 square feet, respectively. Projected supply for Meridian, the market’s second-largest submarket, is currently 10 months.

SINGLE TENANT, NNN INVESTMENT OPPORTUNITY | Located at one of the busiest intersections in Idaho Falls! 

ZD Investment Property, LLC purchased 33 acres of industrial land located at 9778 E. Cherry Lane in Nampa. Gavin Phillips and Chris Pearson of TOK Commercial facilitated the transaction for the buyer and seller.

The Retail market experienced a boost in activity during the second quarter, with both gross and net absorption rising dramatically versus Q1 and overall transaction volume up over 60 percent (by number of deals).  As a result of this strong market activity, overall vacancy has declined from 8.6 percent to 7.2 percent. 

Fantastic retail, medical, office space for lease with high visibility location at 205 Stockham Blvd. in Rigby! Approximately 4,500 square feet of space is available (divisible to three units of 1,500 SF each) for lease.  The property offers easy access to Highway 20 via the North Rigby exit. Join busy co-tenants at the center which include: The Great Bambino, Pizza Hut, and Salon Savvy.