Treasure Valley Graphics leased 2,000 square feet of industrial space at 11523 Fairview Ave. in Boise. Dan Minnaert and Devin Pierce of TOK Commercial represented the owner.
Bennett Industries, Inc. purchased three industrial buildings totaling 93,511 square feet located in the Maple Grove Center in Boise. Gavin Phillips of TOK Commercial facilitated the transaction.
Bennett Industries, Inc. purchased a 39,380 square foot industrial building in the South Cole Business Park, located at 7418 W. Mossy Cup in Boise. Gavin Phillips of TOK Commercial facilitated the transaction.
Bennett Industries, Inc. purchased a 22,400 square foot industrial building located at 7552-7590 Victory Road in Boise. Gavin Phillips of TOK Commercial facilitated the 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%.
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%.
Autovol, an automated volumetric modular manufacturing factory, has completed their new 410,000 square foot facility off Star Road in Nampa. The company will focus on using automated modular construction to build affordable housing units.