How COVID-19 Will Impact the Future of Office Space: Thoughts from a Tenant-Rep Broker

Interior office space filled with creative professionals

Author:  Laurie Reynoldson, CCIM

I’ve received a number of questions from my office tenant clients recently about how COVID-19 will impact the future of office space.

Retail Construction Continues as an "Essential Business" During COVID-19

Retail Construction in the Treasure Valley 2020

Despite the current COVID-19 pandemic, construction in the Treasure Valley has continued as “essential business”.

Industrial Sector's Months of Supply Remains Healthy

Recent Vacant Industrial Space in Southeast Boise

Months of supply is strong for the industrial sector with current supply at 6.6 months. All but one submarket are in the healthy range (less than 18 months). For the last two years, industrial months of supply has remained below 8 months. Also of note, total vacancy in the industrial sector remains low at 3.0%, while multitenant vacancy is 8.50%.  

The Various Impacts of COVID-19 On Idaho Retailers

Grocery store worker fills empty shelves

In the wake of the COVID-19 pandemic, Idaho retailers are feeling the impact personally. Although Idaho hasn’t enacted a shelter-in-place policy at the time of this post, many cities are starting to mandate social distancing orders which directly impacts restaurants, gyms, retail stores, and more.

In response, retailers are becoming resourceful with many restaurants switching to take-out or delivery, fitness centers adding online fitness videos, and retail stores offering online ordering.   

11th & Idaho Places Its Final Beam

The 11th & Idaho office building places its final beam, marking the completion of a significant phase of construction.

On March 17th Rafanelli & Nahas placed the final beam on the 11th & Idaho building, downtown Boise’s much anticipated 10-story office building, marking the completion of a significant phase of construction.

5 Commercial Real Estate FAQs

office buildings at dusk

We’ve compiled five frequently asked questions that we hear in our industry, in an effort to provide you with a little more insight into commercial real estate.

Two Idaho Falls Big-Box Stores Backfilled

ShopKo Space in Idaho Falls Leased to iNdorStor

The Idaho Falls’ retail market had a tough start to 2019 with three big box stores closing including Shopko, Sears, and Toys-R-Us. However the year ended on a high note with two out of three of these stores backfilling.

New Automated Modular Building Factory Completed

Autovol's Newly Constructed Manfacturing Factory

Autovol, an automated volumetric modular manufacturing factory, has completed their new 410,000 square foot facility off Star Road in Nampa. The company will focus on using automated modular construction to build affordable housing units.

Ada County's Population Will Near Half a Million in the Next Year

The Treasure Valley's 2019 Population

Ada County Commissioners recently highlighted, at a public meeting on area growth concerns, Ada County's population has grown by nearly 40% in the past 20 years.  From about 300,000 people in 2000, Ada County will be pushing toward half a million in the next year.

New Market Updates Available For Boise MSA and Eastern Idaho

TOK Commercial Offers Market Updates for Boise and Eastern Idaho

TOK's Research team just finished publishing commercial real estate market update reports for the Boise MSA and Eastern Idaho markets.  You can read about vacancy and lease rate trends, absorption statistics and notable transactions.

Boise MSA January 2020 | Market Update

Eastern Idaho Q1 2020  | Market Update

Five Locations to Serve You

Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Main Fax: 208.947.0869

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 140
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148

Pocatello Office
151 N. 3rd Street
Pocatello, Idaho 83201
Main Phone: 208.227.8148

Coeur d'Alene Office
PO Box 663
Coeur d'Alene, Idaho 83816
Main Phone: 208.378.4600