A discussion of how the global marketplace and changes in commerce are affecting the economic future of Idaho.
A discussion of how the global marketplace and changes in commerce are affecting the economic future of Idaho.
The landscape of Post Falls, Idaho is set for a transformative shift.
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.
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.
Northern Idaho has long held a captivating allure, especially with the picturesque background of the Selkirk Mountains and the world-renowned Lake Pend Oreille
[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®.
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. Overall lease rates are also up 7 percent from the beginning of the year averaging $1.07 per square foot (NNN, Monthly) with Class A rates averaging slightly higher at $1.10 per square foot with some new construction reaching as high as $2.00 per square foot.
Boise Office
250 S 5th Street, Suite 200
Boise, Idaho 83702
Main Phone: 208.378.4600
Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600
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 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148
Coeur d'Alene Office
3322 N. Grandmill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908
Spokane Office
717 W. Sprague Ave. Suite 1202
Spokane, Washington 99201
Main Phone: 509.606.5090
