The Boise Valley’s industrial market has entered a period of recalibration following two years of unprecedented construction activity. Over the past 12 months, just over 1 million square feet of new industrial space has been delivered, a 63 percent decrease compared to this time last year. The slowdown in speculative construction has been particularly dramatic, with less than a quarter of last year’s spec volume completed, totaling just under 485,000 square feet. This pullback has allowed the market to begin absorbing the substantial inventory added over the previous two years.
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