Months of supply is strong for the industrial sector with current supply at 6.6 months. All but one submarket are in the healthy range (less than 18 months). For the last two years, industrial months of supply has remained below 8 months. Also of note, total vacancy in the industrial sector remains low at 3.0%, while multitenant vacancy is 8.50%.
In the wake of the COVID-19 pandemic, Idaho retailers are feeling the impact personally. Although Idaho hasn’t enacted a shelter-in-place policy at the time of this post, many cities are starting to mandate social distancing orders which directly impacts restaurants, gyms, retail stores, and more.
In response, retailers are becoming resourceful with many restaurants switching to take-out or delivery, fitness centers adding online fitness videos, and retail stores offering online ordering.
Lumos Optical leased 1,168 square feet of retail space in Brownfield's Building, located at 122 N. 5th Street in Boise. Holly Chetwood of TOK Commercial facilitated the transaction.
Property Works, LLC leased 1,400 square feet of industrial space in the Kendall Center, located at 5489 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction.
Wapiti Plumbing renewed their 1,040 square feet of industrial space at 2165 Centurion Place in Boise. Chris Pearson of TOK Commercial facilitated the transaction.
Superior Pools, LLC leased 1,680 square feet of retail space in Five Mile Plaza, located at 10500 Overland Road in Boise. JP Green and John Stevens of TOK Commercial facilitated the transaction.
J. Bart Green, PLLC leased office space at 2525 N. Stokesberry Place in Meridian. Al Marino of TOK Commercial facilitated the transaction.
Precision Floors and Design, LLC leased 1,331 square feet of retail space at 4744 N. Park Crossing Avenue in Meridian. Brianna Miller of TOK Commercial represented the tenant.
An investor purchased a .65 acre parcel in the Gateway Industrial Park, located at 3581 E. Comstock Avenue in Nampa. Chris Pearson and Mike Keller of TOK Commercial facilitated the transaction.
Throttle Wide Open, LLC leased 3,014 square feet of industrial space at 1121 N. 39th Street in Nampa. Chris Pearson of TOK Commercial facilitated the transaction.
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