Boise MSA Office Market Continues Positive Momentum

Boise MSA Office Market Strong August 2020

Despite a worldwide pandemic, the Boise MSA’s office market has thus far experienced a milder impact than expected.

Net absorption ended Q2 at 243,000 square feet, a moderate decrease compared to 12 months ago (290,000 square feet), but still higher than the first half of both 2016 & 2017. Overall vacancy decreased from 5.8 percent at the end of 2019 to a current all-time low of 5.2 percent.

Numerous large office projects are currently under construction, predominantly at Ten Mile Crossing and Eagle View Landing. These projects will lead to a surge in construction deliveries in the latter half of 2020. With over 900,000 square feet expected to deliver by the end of the year, 2020 could be a record-breaking year for office construction.

For more information on the current state of the office market, you can read our current quarter's Office Market Report or subscribe to receive quarterly updates.

Agent Relation: 
Al Marino
Karena Gilbert
Laurie Reynoldson
Patrick Shalz
Zack Stoddard