TOK Commercial is proud to announce the promotion of JP Green and Sam McCaskill to partners. This milestone reflects their outstanding contributions, dedication to client success, and organizational leadership.
Idaho Commercial Real Estate Markets Update | September 2024
Boise, ID – The Northwest’s leading full-service commercial real estate company, TOK Commercial, is pleased to announce the promotion of seven new partners to its ownership group. The group exemplifies the firm’s commitment to creating meaningful career opportunities for TOK’s team of professionals.
Listed in alphabetical order, the new partners include:
We're thrilled to share that three of the cities where our offices are located were recently recognized as 2023's Best Performing Cities by the well-respected Milken Institute. The Milken Institute's BPC rankings offer an objective evaluation of the economic performance of US metropolitan areas based on 12 key measures that cover labor market conditions, high-tech impact, and access to economic opportunities.
Per the report, three trends emerged:
The cities’ performance is closely related to growth in jobs and wages and the expansion of high-tech industries drives this growth. Idaho Falls (the top-ranked small city) stands out in its growth of jobs and wages in high-tech concentration.
Twin Falls Trailer Rental is an established and profitable trailer rental business, now seeking new ownership and location!
Surefire Cleaning Services is a well-established, full-service cleaning company now seeking new ownership!
Established in 2017, this Twin Falls-based company has a strong presence in the Magic and Treasure Valley markets and is expanding its line of service to all of Southern Idaho.
An undisclosed buyer purchased a 3,264 unit multifamily facility located at 512 N.14th Street in Boise. Michael Ballantyne and Sam McCaskill of TOK Commercial facilitated the transaction.
The industrial sector shows no signs of slowing down with absorption surpassing 1 million square feet halfway through the year.
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.
Boise Office
250 S 5th Street, 2nd Floor
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
