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Q1 2024 Boise MSA Office Market Trends

Despite other markets seeing vacancy soaring and significantly reduced demand for space, the office sector in the Boise MSA continues to see healthy fundamentals. Overall net absorption remains positive totaling 313,000 square feet and ended the year with the strongest quarter in two years.

Q1 2024 Boise MSA Investment Market Trends

Rising interest rates and high economic uncertainty resulted in the Boise Investment market seeing a major shift in sales activity in 2023 compared to the two previous record breaking years. Based on disclosed transactions, sales volume ended the year at $416 million. This is down 70 percent from 2022 and the lowest level transaction volume has reached in eight years. Fewer high priced deals traded in 2023 with only six deals over $10 million recorded.

Q1 2024 Boise MSA Industrial Market Trends

2023 was a banner year for industrial development with almost 4.5 million square feet of new construction completed. This is especially true in Canyon County, where 3.1 million square feet of new construction delivered, a record high for the area. It was also a historic year for speculative construction which surpassed 3 million square feet, comprising 70 percent of total construction.

2023 Multifamily Report Eastern Idaho

Eastern Idaho Multifamily Report 2023

According to the US Census Bureau, the majority of Eastern Idaho cities saw population grow by over two percent from 2020. The strongest growth happened in the cities of Rigby and Ammon, with an 8.2 percent increase and a 7.3 increase, respectively. This growth continues to drive multifamily development in Eastern Idaho, as demonstrated by a 62 percent increase in multifamily unit permits from the end of 2022.

TOK COMMERCIAL ANNOUNCES NEW PARTNERS FOR 2024

TOK Commercial is Idaho's Largest Commercial Real Estate Firm

Boise, ID – The Northwest’s leading full-service commercial real estate company, TOK Commercial, is pleased to announce the promotion of seven new partners to its ownership group. The group exemplifies the firm’s commitment to creating meaningful career opportunities for TOK’s team of professionals.

Portneuf Valley Soccer Club Selects Pocatello's Titan Center For New Indoor Arena

Titan Center

The Titan Center's leasing team of Brian Wilson, Brent Wilson, and Gavin Phillips are excited to announce their partnership with Portneuf Valley Soccer Club in locating a space that would allow the club to open a "state of the art indoor sports facilit

Idaho Falls, Coeur d'Alene and Boise Ranked Best Performing Cities by Milken Institute

Idaho BPC Milken Institute 2023 Idaho Falls Coeur d'Alene Boise

We're thrilled to share that three of the cities where our offices are located were recently recognized as 2023's Best Performing Cities by the well-respected Milken Institute. The Milken Institute's BPC rankings offer an objective evaluation of the economic performance of US metropolitan areas based on 12 key measures that cover labor market conditions, high-tech impact, and access to economic opportunities.

Per the report, three trends emerged:

Recent Commercial Real Estate Transactions

TOK Commercial Recent Commercial Transactions

 

 

September 30, 2024:

SWS Equipment, LLC leased 16,459 square feet of industrial space in S. Cole Business Park, located at 7413-7557 Mossy Cup Street in Boise. Gavin Phillips of TOK Commercial represented the landlord. Jake Tucker of Colliers International represented the tenant. 

Strategic Investment in Self-Storage Markets

Star-Storage-Investment-Opportunity

In the realm of commercial real estate investment, a pragmatic focus on self-storage markets is gaining traction among discerning investors. The increasing demand for secure, convenient storage solutions nationwide positions this sector as a promising arena for those seeking sustainable returns.

Five Locations to Serve You

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. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908