Despite a worldwide pandemic, the Boise MSA’s office market has thus far experienced a milder impact than expected.

Net absorption ended Q2 at 243,000 square feet, a moderate decrease compared to 12 months ago (290,000 square feet), but still higher than the first half of both 2016 & 2017. Overall vacancy decreased from 5.8 percent at the end of 2019 to a current all-time low of 5.2 percent.

Bennett Industries, Inc. purchased three industrial buildings totaling 93,511 square feet located in the Maple Grove Center in Boise. Gavin Phillips of TOK Commercial facilitated the transaction.

Bennett Industries, Inc. purchased a 22,400 square foot industrial building located at 7552-7590 Victory Road in Boise. Gavin Phillips of TOK Commercial facilitated the transaction.

The past month brought a glimmer of hope for Idaho retailers moving forward.  May 1^st marked the beginning of Idaho’s Stage 1 of reopening, with many non-essential retailers being allowed to open their doors for the first time in over a month. Stage 2 of reopening began May 16^th – allowing for another wave of business owners to open –including dine-in restaurants, salons, and fitness centers.  Stage 3 began last week, on May 30^th, as most remaining retailers – such as bars and movie theaters – were able to open their doors.  Although shopping, entertainment, and services may look different as retailers must still adhere to business protocols – the buzz of excitement is in the air.