Boise Metro Multifamily Trends Q2 2025
Boise Metro Multifamily Rental Rates Rental rates in the Boise Metro show varied trends across submarkets. According to ALN Apartment Data, Downtown Boise continues to command the highest rents, with 2-bedroom units averaging $2,199 and 1-bedroom units at $1,639, reflecting its premium urban location. Meridian closely follows with strong rent growth, with average rents across […]
Q2 2025 Boise MSA Retail Market Update
Total retail construction in the Boise MSA reached over 96,000 square feet in the first three months of 2025. Notably, the North Meridian area emerged as the primary development hub, accounting for 36 percent of this total. Significant projects completed during this period include a 7,000-square-foot strip center at 179 Ten Mile and the opening […]
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 […]
2025 North Idaho Market Outlook
The Office market in the Coeur d’Alene region is expected to remain steady but supply-constrained due to high construction costs. While 163,000 square feet of new office space was delivered in 2024—36 percent of which was speculative—future speculative development is likely to be limited as developers remain cautious. Currently, only 45,000 square feet of office […]
Q1 2025 Boise MSA Investment Market Trends
In 2024, the Boise Investment market experienced a moderate slowdown compared to the previous year. Total transaction volume decreased by 16 percent, falling from $574 million in 2023 to $482 million in 2024. In addition, number of deals also declined year-over-year by 5 percent. The office sector was particularly impacted, with the number of deals […]
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 […]