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.
The 2021 Power 25 Commercial Real Estate award winners have been released and TOK Commercial is proud to announce that Brian Wilson was selected as one of this year's esteemed recipients!
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.
Fuller84 Business Park officially broke ground on the new 60-acre master-planned industrial park, on Friday, July 16th.
Investment transaction volume is on pace with the amount seen in 2020 ($574 million). Through the first half of 2021, $232 million in investment product has exchanged hands in the Boise MSA.
After a year of altered lifestyles, economic strain, and evolving businesses the Boise Revival Project is engaging the community in an effort to restore the life of downtown Boise.
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.
The closing of Q1 demonstrated that 2021's office market is off to a solid start in the Boise MSA, posting 310,000 square feet of positive net absorption. This is the second strongest quarter (second only to Q4 2020) in the past five years.
You've seen it on the skyline, now see what really makes 11th & Idaho great.
For lovely sunrise, sunset, or urban cityscape views in the heart of downtown, 11th & Idaho provides a rare, unbeatable perspective from its rooftop deck.
