The Commercial land market in the Boise MSA has benefitted from the stabilization of economic conditions and is faring better in 2024 than it was a year ago when uncertainty caused developers to put a pause on acquisitions. The number of reported commercial land transactions was up over 50 percent from the first four months of 2023.
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Commercial Real Estate Investments With the Best ROI
The allure of commercial real estate brings opportunity to many investors, offering a potential steady stream of income with the ability to maximize long-term capital appreciation. While the rewards can be substantial, navigating this dynamic landscape requires a keen understanding of factors that influence profitability.
2024 Boise MSA Multifamily Market Report
High economic uncertainty resulted in the multifamily investment market seeing a major shift in 2023 compared to previous record breaking years. Based on disclosed transactions, only 10 multifamily properties traded in 2023 which is down 55 percent from 2022. Prices were up slightly from 2022, with the median price per door in Ada County reaching $288,798 and $251,902 in Canyon County. Three of the six transactions in Ada County sold above $300,000 per door.
Thriving "Rader Remodeling & Repair LLC" Business Now Available For Sale
tok cOMMERCIAL IS PLEASED TO OFFER THE "RADER REMODELING & REPAIR LLC" Business FOR SALE
Business Sale listing
Q2 2024 Boise MSA Office Market Trends
The Office market slowed in Q1 with the number of transactions down 4 percent from Q1 2023. Lease rates and vacancy remained healthy in the first quarter of the year.
Q2 2024 Boise MSA Industrial Market Trends
Development remains a key highlight for the industrial sector with over 822,500 square feet of new construction completed in Q1. This is a 13.7 percent increase from construction delivered in Q1 of 2023. The majority of development has occurred in Canyon County, accounting for over 59 percent of total construction. In addition, 84 percent of total construction in the Boise MSA is speculative space.
Eastern Idaho 2024 Commercial Real Estate Market Outlook
TOK's latest outlook for Eastern Idaho's commercial real estate market highlights important trends for office, industrial, retail and investment properties in 2024.
Office
The strong organic growth the area has seen will likely continue to drive the demand for future office space. Over half of transactions in 2023 were with tenants opening additional locations, expanding their space, or local tenants starting new businesses
TOK Commercial Hosts "Beyond Boise" Private Client Event
PRESS RELEASE
Release Date: March 21, 2024
TOK COMMERCIAL HOSTS “BEYOND BOISE” PRIVATE CLIENT EVENT
Q1 2024 North Idaho Office Vacancy Trends
Multitenant office vacancy in North Idaho ended 2023 at 10.7%. Total office vacancy in the area (includes single-tenant buildings) ended the year at 4.4%.