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.
Learning Center
2023 Multifamily Report Eastern Idaho
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
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
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
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
November 25, 2014:
Idaho Wheat Commission leased 1,560 square feet of office space in the Greystone Building. Patrick Shalz of TOK Commercial represented the landlord and tenant.
M2 Automation & Control Services, Inc. leased 2,686 square feet of industrial space in Flex Work Space, located at 6133 W. Corporal Lane in Boise. Chris Pearson, Kekaula Kaniho, Mike Arnold, Mike Greene, Nick Schuitemaker, and Peter Oliver of TOK Commercial represented the landlord. Shaun Wardle of VIP Commercial Real Estate represented the tenant.
Increasing Sales & In-Demand Product, Twin Falls Trailer Rental Business Available For Sale
tok cOMMERCIAL IS PLEASED TO OFFER THE "TWIN FALLS TRAILER RENTAL" Business FOR SALE
Business SALE Flyer
Twin Falls Trailer Rental is an est
Strategic Investment in Self-Storage Markets
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.
Thomson Farms: A Premier Mixed-Use Development in Rexburg
Introducing Thomson Farms, a 55-acre mixed-use development that seamlessly integrates low, medium, and high-density housing with a conveniently located grocery-anchored shopping center. Approved as a Planned Unit Development (PUD) in 2017, the first two phases of the apartment complex were successfully completed in 2020, offering 190 fully stabilized, cash-flowing units. Future phases will unfold on an additional 47.13 acres, featuring single-family residential lots, townhomes, and retail spaces, completing this ambitious and well-planned community.
