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 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.
September Markets Update
Idaho Commercial Real Estate Markets Update | September 2024
Q1 2024 North Idaho Office Vacancy Trends
Multitenant office vacancy in North Idaho ended 2023 at 10.7%. Total office vacancy in the area (includes single-tenant buildings) ended the year at 4.4%.
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