Q1 2025 Boise MSA Industrial Market Trends
In 2024, net absorption in the Boise Industrial market saw a 36 percent decline, totaling just over 1.5 million square feet. This marks the first time in four years that absorption has fallen below 2 million square feet. Despite this decrease, the number of transactions increased by more than 16 percent, driven by a surge […]
Magic Valley Multifamily Market Outlook 2025
What were the Magic Valley’s 2024 multifamily rental rates and what is the outlook for new development in 2025? Rental Rates: Over the past year, rental rates for 1 bedroom and 2 bedroom apartments in the Magic Valley have seen a decline. The average rent for a 1 bedroom unit is now $1,081 per month, while […]
Q4 2024 Boise MSA Retail Market Trends
Fundamentals remained healthy for the Retail market at the end of Q3. Total vacancy ended at 4.3 percent, marking September as the 7th consecutive month where vacancy has remained below 5 percent. Overall vacancy is anticipated to stay tight through the remainder of the year, which will ultimately keep lease rates on the rise. Overall […]
Q4 2024 Boise MSA Industrial Market Trends
Over the past 12 months, the market has seen the delivery of more than 4.3 million square feet of new industrial space. This increase in supply has ultimately caused overall vacancy to remain elevated at 8.6 percent. Multitenant vacancy is currently at 23.2 percent, slightly below the record high of almost 24 percent seen at […]
Midyear 2024 North Idaho Market Trends
North Idaho’s Industrial market saw over 630,000 square feet of new Class A space come online with over 90 percent delivering in Post Falls. A large portion of this is attributed to the buildings at 140 & 150 Beck Road that completed earlier this year and added more than 400,000 square feet of space to […]
September Markets Update
September delivered two notable events that will undoubtably impact Idaho’s commercial real estate markets going forward. To kick things off, national economic policy entered a new era with the Federal Reserve’s announcement of its first rate cut in four years, which industry professionals hope may entice investors off the sidelines and back into the commercial […]
Midyear 2024 Eastern Idaho Market Trends
The number of commercial land transactions in Eastern Idaho surged by 23 percent compared to this time last year. Over the first half of 2024, more than 119 acres of commercial land sold, with total consideration exceeding $8.6 million. Additionally, the number of commercial permits issued has increased by 9 percent, while the total value […]