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.
For lovely sunrise, sunset, or urban cityscape views in the heart of downtown, 11th & Idaho provides a rare, unbeatable perspective from its rooftop deck.
TOK Commercial is pleased to offer prime retail space in the new Ammon retail power center, Sandcreek Commons.
2020 began with a strong start for the Retail market, posting 166,000 square feet of positive net absorption in the first 90 days. However, along with the pandemic came many business closures and the subsequent two quarters posted negative net absorption. However, a rebound began in Q4, where the market saw over 400,000 square feet of gross absorption, the strongest quarterly activity since 2013. As a result, net absorption finished the year at 191,000 square feet. The number of transactions completed in Q4 was also up 28 percent from its lowest point in Q2.
Meridian's primary corridor for shopping, entertainment, restaurants, services, and more surrounds Eagle Road. Notable employers — such as Blue Cross of Idaho, Scentsy, and St. Luke's — as well as major shopping destinations — such as The Village at Meridian and Meridian Crossroads — also lie along this corridor making it one of the most vibrant areas of Meridian.
TOK Commercial is pleased to offer prime retail space on "Retail Row" serving the Idaho Falls trade area of over 250,000 people.
While the impact of COVID-19 on Idaho's commercial real estate markets continues to play out, as we enter 2021, it's very helpful to consider a few key metrics which we believe best highlight the overall condition of individual product sectors.