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 in smaller deals. Over 1.8 million square feet of industrial space was absorbed by tenants expanding or opening new locations in 2024, highlighting that organic growth remains the primary driver in the Boise industrial market.
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