Q4 2024 Boise MSA Retail Market Trends

Submitted by Marketing Team on Fri, 11/15/2024 - 14:49

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.

Q4 2024 Boise MSA Industrial Market Trends

Submitted by Marketing Team on Wed, 11/13/2024 - 20:02

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 the end of June. Overall months of supply has also increased to 18.7 months, up from 12.6 months at this time last year. 

Midyear 2024 North Idaho Market Trends

Submitted by Marketing Team on Wed, 10/16/2024 - 15:14

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 the market. All the new space has pushed total vacancy up to 19.5 percent. Overall lease rates are also up 7 percent from the beginning of the year averaging $1.07 per square foot (NNN, Monthly) with Class A rates averaging slightly higher at $1.10 per square foot with some new construction reaching as high as $2.00 per square foot.

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250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
 

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16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
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Twin Falls, Idaho 83301
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1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
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Coeur d'Alene, Idaho 83814
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