Venue Event Service renewed their 1,440 square feet of industrial space in the Eagle Industrial Center, located at 1762 E. State Street in Eagle. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction.
Buoyed by positive employment news, TOK Commercial's June 5th data shows that Idaho commercial real estate activity is similarly showing optimistic signs of improvement as evidenced in declining rent relief requests; a gradual resurgence of newly leased space across sectors; and sale transactions spurred by value-add opportunities inherent in market conditions which are evolving, as parties react to changing market metrics. The Idaho Business Review also referenced TOK's "near-real time snapshot of Idaho CRE trends" in an
Idaho Youth Ranch renewed their 11,952 square feet of industrial space in the Kendall Center, located at 5325 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction.
As we continue to see the market rapidly change due to the effects of COVID-19, we are constantly hearing the question, "What is TOK’s outlook on the future of the real estate market in the Boise MSA?"
TOK's property management portfolio includes nearly 1,000 tenants located across three key Idaho markets (Boise MSA, Magic Valley and Eastern Idaho). Utilizing data from our portfolio, we've been able to gather and analyze the Rent Relief requests that have been submitted to our property managers. The metrics we've collected offer a view to genera
Author: Laurie Reynoldson, CCIM
I’ve received a number of questions from my office tenant clients recently about how COVID-19 will impact the future of office space.
Despite the current COVID-19 pandemic, construction in the Treasure Valley has continued as “essential business”.
Months of supply is strong for the industrial sector with current supply at 6.6 months. All but one submarket are in the healthy range (less than 18 months). For the last two years, industrial months of supply has remained below 8 months. Also of note, total vacancy in the industrial sector remains low at 3.0%, while multitenant vacancy is 8.50%.
In the wake of the COVID-19 pandemic, Idaho retailers are feeling the impact personally. Although Idaho hasn’t enacted a shelter-in-place policy at the time of this post, many cities are starting to mandate social distancing orders which directly impacts restaurants, gyms, retail stores, and more.
In response, retailers are becoming resourceful with many restaurants switching to take-out or delivery, fitness centers adding online fitness videos, and retail stores offering online ordering.
Lumos Optical leased 1,168 square feet of retail space in Brownfield's Building, located at 122 N. 5th Street in Boise. Holly Chetwood 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. 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