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Market Health | September 2021

TOK Commercial Idaho Market Health Report September

INSIGHTS | THE IMPACT OF NEW BUSINESSES ACROSS IDAHO

TOK's Market Health series offers readers a collection of data and graphs that work to explain Idaho's commercial real estate markets. This month, our focus is "New to Market" (NTM) tenants and their impact on office, industrial, and retail product across the state.

Labor Shortages Impact the Retail Market, However, the Past Quarter Still Saw Strong Gains

TOK Commercial's Retail Report for Q3 2021 in the Boise MSA

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. 

Looking for Office Space? Here are a Couple of Things You Should Know

View of Boise Idaho at dusk downtown office lights summer

Congratulations! For whatever reason, the time has come for you to find new office space. Maybe your company has outgrown your existing space. Or more of your employees are telecommuting so it is time to downsize. Or the location of your customer base has shifted and you need to move closer to serve them better. Regardless of the reason, there are several things to keep in mind when looking for new space.

1.           IT WILL TAKE LONGER THAN YOU EXPECT.

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