July 2022 | Idaho Retail Commercial Real Estate Vacancies Drop to Record Lows

Submitted by Marketing Team on Mon, 07/25/2022 - 07:56
Idaho Retail Real Estate Vacancy Rates Graph

The Big Picture: Retail space across all Idaho markets remains limited as vacancy dropped to record lows in June. In the Boise MSA, total vacancy hit a 23-year low of 5 percent. In addition, unanchored vacancy has stayed below 5.5 percent throughout 2022. In Eastern Idaho, total vacancy has been declining throughout the year and is currently at a historic low 4.7 percent. The Magic Valley has seen the lowest vacancy rates of all markets at 3.9 percent, while unanchored vacancy is even lower at 2.9 percent.  

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retail space
Market Information

Sublease Space Increases Locally and Nationally

Submitted by Marketing Team on Tue, 07/19/2022 - 15:29
TOK Commercial's Q2 2022 Office Market Update

The amount of sublease space on the market has been increasing since the beginning of the pandemic, both locally and nationally. Many companies, such as call centers, transitioned their staff to work from home setups and some have decided not to return to the office. In many cases, those choosing not to return are national tenants whose policy across the nation is to remain in work from home situations.

Pre-COVID, the amount of sublease space on the market in the Boise MSA was 137,000 square feet. Currently, there is 417,000 square feet of sublease space on the market, down slightly from the peak of 466,000 square feet. Downtown Boise and Meridian comprise over 50 percent of the total on the market.

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Office

TOK Commercial Recognized with 2022 Best Places to Work Award

Submitted by Marketing Team on Thu, 07/07/2022 - 13:06
TOK Commercial Real Estate is Pleased to be Recognized with Best Places to Work Award

This year, TOK is proud to have been recognized as a Best Place to Work in Idaho! This marks the fifteenth year in a row that TOK Commercial has been named a Best Place to Work, voted for by our own employees. The only thing that tops the positive recognition we receive from our community and clients is the feedback we receive internally from our very own team members. Each year we take time to survey our employees to gain crucial feedback on how we can better our company and workplace culture.

Some recognition we received from our team this year included;

* People Oriented

* Transparency

* Good Benefits

* Teamwork

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Best Places to Work
careers
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Six Locations to Serve You

Boise Office
250 S 5th Street, 2nd Floor
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

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