Transaction volume picked up significantly in the second quarter, with an increase of over 50 percent in the amount of office square footage absorbed. Midway through the year, net absorption in the Office market already outpaced the amount seen at the end of 2020. Meridian and Downtown Boise have had the most net absorption occur, 192,000 square feet and 105,000 square feet, respectively. Projected supply for Meridian, the market’s second-largest submarket, is currently 10 months.
The closing of Q1 demonstrated that 2021's office market is off to a solid start in the Boise MSA, posting 310,000 square feet of positive net absorption. This is the second strongest quarter (second only to Q4 2020) in the past five years.
You've seen it on the skyline, now see what really makes 11th & Idaho great.
For lovely sunrise, sunset, or urban cityscape views in the heart of downtown, 11th & Idaho provides a rare, unbeatable perspective from its rooftop deck.
Meridian's primary corridor for shopping, entertainment, restaurants, services, and more surrounds Eagle Road. Notable employers — such as Blue Cross of Idaho, Scentsy, and St. Luke's — as well as major shopping destinations — such as The Village at Meridian and Meridian Crossroads — also lie along this corridor making it one of the most vibrant areas of Meridian.
TOK Commercial is pleased to offer office space for lease at Idaho Falls' Snake River Landing. The Snake River Landing development is Idaho Falls' newest 450+ acre master-planned community, prominently positioned between the Snake River and Interstate 15. Upon completion, the development will boast energy of new retailers, commercial and office users, new residents, an event center, and open green areas with water features.
Eighth Street is one of the most vibrant areas of downtown Boise. Known as "restaurant row", it includes some of Boise's most frequented restaurants — including Fork, The Matador, Diablo & Sons Saloon, Wild Root Cafe, Juniper, Dawson Taylor Coffee, and many more.