The Boise Valley's Industrial market is very competitive. In fact, not a single Boise Valley submarket posted an increase in Industrial vacancy for the month of July.
Incredibly, of the 15 Boise submarkets that our team tracks, 11 of them actually saw a further decline in Industrial vacancy (from the previous month) and 4 of those submarkets set all-time lows for the vacancy rates recorded.
Plenty of factors are contributing to these market conditions and we believe that the market will continue to be tight, since projected supply has dropped below the 6 month mark.