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Office Market Trends Q2 2025

TOK Commercial Office Market Trends

The Boise MSA Office market is navigating a complex landscape shaped by persistent inflation, elevated interest rates, and broader economic uncertainty. These factors have created a more cautious business climate, influencing tenant decision-making and leasing activity.

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Boise MSA Office Market Bucks National Trends in 2025 with Growth

Boise Office Market Grows in 2025

📉 National Office Market in Decline (2025)

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Indian Creek Business Park in Caldwell Announces Major Leasing Milestone and Rebranding of Former Campus

Indian Creek Business Park Industrial Space for Lease

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Boise Metro Multifamily Trends Q2 2025

 

Boise MSA Multifamily Haven on State

Boise Metro Multifamily Rental Rates

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Spokane, We've Arrived!

TOK Commercial opens first office location in Spokane Washington

We’re here, we’re growing, and we’re ready to make an impact.

TOK is expanding into the Inland Northwest with a brand-new office in downtown Spokane! Our growth was recently spotlighted by the Spokane Journal of Business, and we couldn’t be more excited to bring our proven sales, leasing, and management expertise to a market on the rise.

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Q2 2025 Boise MSA Retail Market Update

Boise MSA Retail Center The Collection Meridian Idaho Orchard Park

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 of Idaho Pups & Ales at Ten Mile Crossing.

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Q2 2025 Boise MSA Industrial Market Update

Boise MSA Industrial property Interior photo of available space

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.

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2025 North Idaho Market Outlook

Coeur d'Alene Idaho TOK Commercial Real Estate

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 space is planned or under construction, with owner-users driving most new projects.

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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 down by over 50 percent from 2023.

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Inspirado Development Drives Attention to an Upcoming Treasure Valley Growth Boom Area

New Inspirado Development Offers Prime Anchor Tenant Opportunity in High Growth Treasure Valley Location

This exciting new development is making a splash in our community and was recently featured in BoiseDev!

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Six Locations to Serve You

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

Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600

Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694

Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148

Coeur d'Alene Office
3322 N. Grandmill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908

Spokane Office
717 W. Sprague Ave. Suite 1202
Spokane, Washington 99201
Main Phone: 509.606.5090