Overall supply of office space in the Boise area is within a healthy range (13.4 months), despite the lowest vacancy rates since 2002 (7.23%).  To put it simply, tenants are able to find space within a reasonable time regardless of the tight market.

While the supply is projected to continue its decline, there has been an increase in demand for spaces over 10,000 square feet.  Transactions over 10,000 square feet had a 40% increase from 2017 to 2018, and the demand for these spaces is increasing. 

Consolidated Electrical Distributors leased 8,727 square feet of industrial space at Central Park Commerce (Bldg. B), located at 2240 S. Cole Road in Boise.

Express Personnel leased 1,325 square feet of retail space in the Shops at Pioneer Square, located at 5720 Cleveland Blvd. in Caldwell.

National tenants are expected to continue popping up in the Valley as local population growth and Boise’s accumulation of national accolades and attention are piquing the interest of out-of-state retailers. Multiple planned projects are on the horizon with the possibility of breaking ground in 2019 or 2020 - including Costco at Chinden & Ten  Mile, Winco at Linder Village, and Winco on Overland.