Q2 2025 Boise MSA Industrial Market Update
Nearly 68 percent of current industrial listings in the Boise MSA are for Class A space, with the majority of that inventory targeting larger users. As a result, tenants seeking spaces over 10,000 square feet have more options, which gives them greater leverage in negotiations.
Over the past 12 months, the average lease rate for industrial spaces larger than 10,000 square feet was $0.84 per square foot. This is significantly lower than the average rate for smaller spaces, which is $1.01 per square foot. As demand for smaller spaces remains high, lease rates in this segment continue to stay elevated.
Over 1.7 million SF was absorbed by tenants expanding or opening an additional location in the last 12 months. 70% of new to market deals leased to tenants over 7,000 SF.
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TOK Sponsors the IAMC Fall Forum 2023
Unveiling the Future of Industrial Real Estate at IAMC Fall 2023 Forum
The team from TOK Commercial recently had the privilege of attending and sponsoring the Industrial Asset Management Council (IAMC) Fall 2023 Forum in Boise, Idaho. IAMC is the world's preeminent industrial and manufacturing real estate trade association. The group's mission is to provide a dynamic platform for professional development, networking, and a treasure trove of resources for its members, both in the United States and abroad.
Deane Contracting Leases Space at 3606 E Newby St
Deane Contracting leased 6,292 square feet of industrial space in Newby located at 3606 E Newby St in Nampa. Adam Bledsoe and Erik McNary of TOK Commercial facilitated the transaction.
Matt Barrow Purchased Space at Industrial Circle in Idaho Falls
Matt Barrow purchased 3.73 acres at TBD Industrial Circle in Idaho Falls. Darren Puetz and Nick Terry of TOK Commercial facilitated the transaction.
C-1 Design Group Renewed Space in South Cole Industrial Center
C-1 Design Group LLC renewed their 6,600 square feet of industrial space in South Cole Industrial Center located at 2756 S. Cole Road in Boise. Chris Pearson of TOK Commercial facilitated the transaction.
Mountain Modulars Leased Space at 8068 W. Woodlark Rd
Mountain Modulars LLC leased 10,500 square feet of industrial space in located at 8068 W. Woodlark Road in Boise. Chris Pearson of TOK Commercial facilitated the transaction.
Kenworth Sales Company Renewed Space at 3939 Transport Street
Kenworth Sales Company renewed their 64,732 square feet of industrial space located at 3939 Transport Street in Boise. Dan Minnaert and Devin Pierce of TOK Commercial facilitated the transaction.
Regal Coffee Company Renewed their Lease at 216 W. 38th St
Regal Coffee Company renewed their 2,260 square feet of industrial space located at 216 W. 38th Street in Boise. Chris Pearson of TOK Commercial facilitated the transaction.
Strive VR Renewed Space in South Cole Industrial Center
Strive VR, LLC renewed their 3,100 square feet of industrial space in South Cole Industrial Center located at 2756 S. Cole Road in Boise. Chris Pearson and Peter Oliver of TOK Commercial facilitated this transaction.