Q1 2024 Boise MSA Retail Market Trends

Submitted by Marketing Team on Mon, 03/11/2024 - 06:31

It was another banner year for retail development with 303,500 square feet of new construction, up slightly from 2022. The biggest project delivered was D&B Supply’s new store in Caldwell, while the rest of the construction was attributed to multiple single tenant and strip center projects under 15,000 square feet. Multiple grocery anchors have been developed over the past four years, including Winco and Costco in North Meridian.

Pad development has been high around these centers resulting in strong speculative development for the valley. Of the new construction completed in 2023, nearly 102,000 square feet were spec, up 17 percent from 2022. Pad activity will likely continue to fuel development, especially in the Ten Mile Crossing area where Scheel’s new 240,000-square-foot store is set to deliver this spring.




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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
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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. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908