Don’t bet that offices are dead,” Michael Ballantyne, managing partner of TOK Commercial said by phone. “All COVID-19 did was accelerate office trends that were already occurring in terms of people working from home more.” The Idaho Statesman recently wrote an article addressing the future of office space in Idaho offering the perspectives of several influential contributors to Boise's office environment.
The Boise MSA has become a staple of national Best Places to Live lists lauding the area's many amenities - accessibility, affordability, safety and outdoor lifestyle. Recently, Livability wrote two articles related to Boise's appeal and offering their estimations of what the future might hold.
Extreme Pizza leased 1,395 square feet of retail space at 111 S. 7th Avenue in Caldwell. Brianna Miller and Nick Schuitemaker of TOK Commercial facilitated the transaction.
Global Machinery leased 8,424 square feet of industrial space at 2049 Wilson Lane in Meridian. Dan Minnaert and Devin Pierce of TOK Commercial represented the landlord.
Mac Shack leased 340 square feet of office space at 610-640 S. Woodruff Avenue in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction.
K SAMSON, LLC leased 2,500 square feet of industrial space at 11525 Fairview Ave. in Boise. Dan Minnaert and Devin Pierce of TOK Commercial represented the landlord.
Four Corner Auction leased 1,680 square feet of industrial space in the Chinden Business Center located at 5226 Chinden Blvd. in Boise. Dan Minnaert and Devin Pierce of TOK Commercial represented the landlord.
The City of Boise renewed their 3,500 square feet of industrial space in the Kendall Center, located at 5377 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction.
The Joint leased 1,714 square feet of retail space in the Family Center at Federal Way, located at 3539 S. Federal Way in Boise. JP Green and John Stevens of TOK Commercial facilitated this transaction.
Even with our current economic state, the Boise industrial market remains strong with total number of deals up nearly 5% over the past 12 months.
The North submarket leads the way in industrial activity while Meridian has the highest gross absorption at 178,600 SF. This number is mostly attributed to Gensco occupying their new 68,000 SF space on Lanark.
Overall industrial vacancy has also remained stable at 3.5%, with multitenant vacancy currently at 7.0%.
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