A-1 Leases Space at 1412 W Bannock St
A-1 Answering Service leased 1,379 square feet of office space located at 1412 W Bannock Street in Boise. Kekaula Kaniho of facilitated the transaction.
Sublease Space Increases Locally and Nationally
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.
Assertive Wellness Renews Office Space at 12554 W. Bridger St
Assertive Wellness, LLC renewed their office space located at 12554 W. Bridger Street in Boise. Chris Pearson and Patrick Shalz of TOK Commercial facilitated the transaction.
3046 S. Bown Way Purchased
An undisclosed buyer purchased a 5,032 square foot mixed-use building located at 3046 S. Bown Way in Boise. JP Green of TOK Commercial represented the buyer.
208 Movers Renews Lease in Flex Work Space
208 Moving, LLC renewed their 1,008 square feet of office space in Flex Work Space, located at 6052 W. Corporal Lane in Boise. Chris Pearson and Nick Schuitemaker of TOK Commercial facilitated the transaction.
812 Shoshone Purchased By Four Leaf, LLC
Four Leaf, LLC purchased 1,412 square feet of office space at 812 Shoshone St. in Twin Falls. Grayson Stone and Dan Wilhelm of TOK Commercial facilitated the transaction.
Office Sublease Space Increasing in the Boise MSA Market
Spikes in sublease space are occurring in metros from New York City to Chicago, Seattle, San Francisco and now, Boise. While retail, flex and industrial sublease space is being delivered to the market, much of the Boise MSA sublease space is located in office properties.