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.
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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.
Better Built Barns, Inc. Purchases Land In Mountain Home
Better Built Barns, Inc. purchased 5.18 acres in Mountain Home. Lenny Nelson and Sam McCaskill of TOK Commercial facilitated the transaction for the buyer and seller.
SonoBello Joins The Blackstone Building
SonoBello leased 14,482 square feet of office space in the Blackstone Building, located at 1820 S. Silverstone Way in Meridian. Laurie Reynoldson of TOK Commercial facilitated the transaction.
2C Yoga Joins 901 Main Street
2C Yoga leased 1,348 square feet of retail space located at 901 Main Street in Caldwell. Brianna Miller of TOK Commercial represented the landlord.
Office Space Leased To Tipsico Coin, LLC By Lakeharbor
Tipsico Coin, LLC leased office space in Lakeharbor, located at 3050-3250 N. Lakeharbor Lane in Boise. Al Marino of TOK Commercial facilitated the transaction for the tenant and landlord.
Pure Massage Leases Office Space in Lakeharbor
Pure Massage leased office space in Lakeharbor, located at 3050-3250 N. Lakeharbor Lane in Boise. Al Marino of TOK Commercial facilitated the transaction for the tenant and landlord.
Lakeharbor Leases Office Space to Stuffed!, LLC
Stuffed!, LLC leased office space in Lakeharbor, located at 3050-3250 N. Lakeharbor Lane in Boise. Al Marino of TOK Commercial facilitated the transaction for the tenant and landlord.
Bonanza Concrete, Inc. Purchases 3046 S. Bown Way
Bonanza Concrete, Inc. purchased 3046 S. Bown Way in Boise. JP Green of TOK Commercial facilitated the transaction for the buyer and seller.
TOK Commercial Recognized with 2022 Best Places to Work Award
This year, TOK is proud to have been recognized as a Best Place to Work in Idaho! This marks the fifteenth year in a row that TOK Commercial has been named a Best Place to Work, voted for by our own employees. The only thing that tops the positive recognition we receive from our community and clients is the feedback we receive internally from our very own team members.