The past month brought a glimmer of hope for Idaho retailers moving forward.  May 1^st marked the beginning of Idaho’s Stage 1 of reopening, with many non-essential retailers being allowed to open their doors for the first time in over a month. Stage 2 of reopening began May 16^th – allowing for another wave of business owners to open –including dine-in restaurants, salons, and fitness centers.  Stage 3 began last week, on May 30^th, as most remaining retailers – such as bars and movie theaters – were able to open their doors.  Although shopping, entertainment, and services may look different as retailers must still adhere to business protocols – the buzz of excitement is in the air. 

Hothead Headliners leased 10,500 square feet of industrial space located at 8068 W. Woodlark Road in Boise. Chris Pearson of TOK Commercial facilitated the transaction.

Buoyed by positive employment news, TOK Commercial's June 5th data shows that Idaho commercial real estate activity is similarly showing optimistic signs of improvement as evidenced in declining rent relief requests; a gradual resurgence of newly leased space across sectors; and sale transactions spurred by value-add opportunities inherent in market conditions which are evolving, as parties react to changing market metrics.  The Idaho Business Review also referenced TOK's "near-real time snapshot of Idaho CRE trends" in an

COVID-19's "New Normal" Evaluated

As we continue to see the market rapidly change due to the effects of COVID-19, we are constantly hearing the question, "What is TOK’s outlook on the future of the real estate market in the Boise MSA?"

Author:  Laurie Reynoldson, CCIM

I’ve received a number of questions from my office tenant clients recently about how COVID-19 will impact the future of office space.