Dean's Window Cleaning, LLC renewed their 1,895 square feet of industrial space in the Kendall Center, located at 5555-5569 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction for the tenant and landlord.
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ERA Financial, LLC Leases Space In The Gem Center
RA Financial, LLC leased office space in the Gem Center, located at 2417 Bank Drive in Boise. Al Marino of TOK Commercial facilitated the transaction for the tenant and landlord.
Freedom Forever Idaho, LLC Joins The Gem Center
Freedom Forever Idaho, LLC leased space in the Gem Center, located at 2417 Bank Drive in Boise. Al Marino of TOK Commercial facilitated the transaction for the tenant and landlord.
Gem Center Leases Space To Sunshine International Corporation
Sunshine International Corporation leased office space in the Gem Center, located at 2417 Bank Drive in Boise. Al Marino of TOK Commercial facilitated the transaction for the tenant and landlord.
Scout Distribution, LLC Leases Space In Five Mile Industrial
Scout Distribution, LLC leased 29,312 square feet of industrial space in Five Mile Industrial, located at 700 N. Five Mile Road in Boise. Peter Oliver and Dan Minnaert of TOK Commercial represented the landlord.
Lease Renewal Between Class 101 and Emerald West
Class 101 renewed their 1,200 square feet of office space in Emerald West, located at 8660 W. Emerald Street in Boise. Patrick Shalz of TOK Commercial facilitated the transaction for the tenant and landlord.
Hill-Rom Company, Inc. Renews Lease In Bethel Court Distribution
Hill-Rom Company, Inc. renewed their 3,410 square feet of industrial space in Bethel Court Distribution, located at 9530 W. Bethel Court in Boise. Devin Pierce and Dan Minnaert of TOK Commercial represented the landlord.
Idaho Falls First Grocery Outlet Celebrated in NYC
TOK Commercial is pleased to announce that its commercial real estate brokerage team facilitated the site selection for the first Idaho Falls Grocery Outlet Bargain Market store, located at 2455 East 25th Street. The new store, optimally positioned in the market’s high traffic retail corridor, was celebrated in both Idaho Falls and New York City, where digital signage at Times Square heralded the event.&n
July 2022 | Idaho Retail Commercial Real Estate Vacancies Drop to Record Lows
The Big Picture: Retail space across all Idaho markets remains limited as vacancy dropped to record lows in June. In the Boise MSA, total vacancy hit a 23-year low of 5 percent. In addition, unanchored vacancy has stayed below 5.5 percent throughout 2022. In Eastern Idaho, total vacancy has been declining throughout the year and is currently at a historic low 4.7 percent. The Magic Valley has seen the lowest vacancy rates of all markets at 3.9 percent, while unanchored vacancy is even lower at 2.9 percent.
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.