EASTERN IDAHO | MIDYEAR 2026 INDUSTRIAL MARKET REPORT
INDUSTRIAL LEASE RATES
The North Idaho Falls submarket led in transaction volume, accounting for more than 40 percent of deals, with most involving smaller spaces of less than 2,000 square feet. In contrast, South Idaho Falls posted the region’s highest net absorption at 51,000 square feet, supported by larger transactions, including Dixon Container Supply’s 24,000-square-foot lease at Heyrend Industrial Park. Average Class A asking lease rates held steady year over year at $1.00 per square foot (NNN, monthly), with South Idaho Falls recording the highest rate at $1.25 per square foot.