Valley Office Systems renewed their 12,995 square feet of industrial space in the Kendall Center, located at 5461 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction for the tenant and landlord.
DH Homes leased 2,436 square feet of industrial space in Flex Work Space, located at 6063 W. Corporal Lane in Boise. Chris Pearson, Nick Schuitemaker and Peter Oliver of TOK Commercial represented the landlord.
Office sublease space has increased 50% from Q1 2022. The Boise MSA currently has 626,000 SF of office sublease space on the market. Meridian and Downtown Boise submarkets both have approximately 650,000 SF of office lease and sublease space available.
While industrial activity has slowed by 5 percent from Q1 2022, compared to last year (2021) the number of industrial deals are up 7 percent. Organic growth is expected to continue to drive industrial leasing activity with the addition of new tenants and tenant expansion occurring throughout the Boise Valley.
Retail commercial activity has remained strong. The total number of transactions are up by 22 percent from the first quarter of 2022. With strong leasing activity, the overall vacancy rate for retail space is at a record low of 5 percent.
Jae Foundation purchased 1881 E. Pole Line Road in Twin Falls. Grayson Stone and Holly Chetwood of TOK Commercial represented the seller.
GMA Idaho, LLC purchased an industrial property located at 221 Roedel Avenue in Caldwell. JP Green, Mike Greene, Nick Schuitemaker and Peter Oliver of TOK Commercial facilitated the transaction for the buyer and seller.
WCB Holdings, LLC purchased 40 acres on South Five Mile Road in Kuna. Lenny Nelson and Sam McCaskill of TOK Commercial facilitated the transaction for the buyer and seller
Bodybar Pilates leased 2,964 square feet of retail space located at 57 N. Echohawk Lane in Eagle. Holly Chetwood of TOK Commercial represented the landlord.
DC Marketing Group, LLC leased 1,200 square feet of retail space in Les Bois Marketplace, located at 5865 N. Glenwood Avenue in Garden City. John Stevens and JP Green of TOK Commercial represented the landlord.
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