News
Q4 2024 Boise MSA Retail Market Trends
Fundamentals remained healthy for the Retail market at the end of Q3. Total vacancy ended at 4.3 percent, marking September as the 7th consecutive month where vacancy has remained below 5 percent. Overall vacancy is anticipated to stay tight through the remainder of the year, which will ultimately keep lease rates on the rise.
Trending in Our Markets - "First of Its Kind" Nuclear Development Receives Approvals for Idaho Falls Site
Is there potential for Idaho Falls to become the new Silicon Valley?
In a recent article posted by CNBC "Sam Altman-backed nuclear startup Oklo to start site work for Idaho microreactor".
Q4 2024 Boise MSA Industrial Market Trends
Over the past 12 months, the market has seen the delivery of more than 4.3 million square feet of new industrial space. This increase in supply has ultimately caused overall vacancy to remain elevated at 8.6 percent. Multitenant vacancy is currently at 23.2 percent, slightly below the record high of almost 24 percent seen at the end of June. Overall months of supply has also increased to 18.7 months, up from 12.6 months at this time last year.
The Future of Northern Idaho Real Estate
Northern Idaho has long held a captivating allure, especially with the picturesque background of the Selkirk Mountains and the world-renowned Lake
Grayson Stone Awarded Prestigious SIOR Designation
[Twin Falls, Idaho] – TOK Commercial is pleased to announce that Grayson Stone has achieved the prestigious SIOR designation awarded by the Society of Industrial and Office REALTORS®.
Midyear 2024 North Idaho Market Trends
North Idaho's Industrial market saw over 630,000 square feet of new Class A space come online with over 90 percent delivering in Post Falls. A large portion of this is attributed to the buildings at 140 & 150 Beck Road that completed earlier this year and added more than 400,000 square feet of space to the market. All the new space has pushed total vacancy up to 19.5 percent.
Midyear 2024 Eastern Idaho Market Trends
The number of commercial land transactions in Eastern Idaho surged by 23 percent compared to this time last year. Over the first half of 2024, more than 119 acres of commercial land sold, with total consideration exceeding $8.6 million. Additionally, the number of commercial permits issued has increased by 9 percent, while the total value of these permits has skyrocketed by nearly 140 percent year-over-year.