November 17, 2025

BOISE VALLEY

BOSS Lighting, LLC leased 4,336 square feet of industrial space in Taylor Commerce Park, located at 1100-1194 W. Taylor Avenue in Meridian. Dan Minnaert, Devin Pierce, and Mike Arnold of TOK Commercial represented the landlord. Trevor Brisk of Idaho Country Properties Real Estate represented the tenant. 

Schnitzel Fritz, LLC leased 1,336 square feet of retail space in The B Side, located at 1017-1025 W. Main Street in Boise. Brianna Miller and Kekaula Kaniho of TOK Commercial represented the landlord. Wendy Shoemaker of Intermountain Commercial Real Estate represented the tenant. 

IndieDwell Collective renewed their 1,000 square feet of industrial space located at 5461-5527 Kendall Street in Boise. Chris Pearson, Gavin Phillips, and Mike Arnold of TOK Commercial facilitated the transaction. 

November 10, 2025

[Boise, Idaho] – TOK Commercial is proud to announce that Galen Miller has joined the firm’s Investment brokerage team. In his role as a commercial brokerage services advisor, Galen will leverage the firm’s deep market research resources and extensive network across the region, to support clients through all stages of the real estate process — from acquisitions and leasing to investment strategies and dispositions. 

The Boise investment market continues to operate within a challenging interest rate environment, with the 10-year Treasury rate maintaining elevated levels around 4.3 to 4.5 percent throughout the first half of 2025. Multifamily maintained the lowest cap rates at 5.3 percent, followed by retail at 5.8 percent, while both industrial and office properties reached 6.0 percent. A notable divide remains between asking and closing cap rates, as many sellers continue to anchor to the record lows of recent years, creating friction with today’s market realities.

The Boise MSA Office market is navigating a complex landscape shaped by persistent inflation, elevated interest rates, and broader economic uncertainty. These factors have created a more cautious business climate, influencing tenant decision-making and leasing activity. Despite these headwinds, Q1 2025 saw a 5 percent increase in the number of transactions compared to the same period last year—marking more first-quarter transactions than the past two years. The number of deals involving businesses expanding or adding locations was up 10 percent from Q1 2024 as organic growth continues to drive leasing activity.