Q4 Boise MSA Industrial Market Trends

Submitted by Marketing Team on Sat, 11/11/2023 - 19:59
Boise MSA Industrial Vacancy Trends Q4 2023

Net absorption in Q3 totaled 167,000 square feet, the strongest quarterly net absorption in over a year. Vacancy in the office sector has been steadily rising since last year. Multitenant vacancy rose two percent from the beginning of the year reaching 11.9 percent, the highest it has been since Q1 2021.

With Micron’s new $15 billion expansion breaking ground, the area has already started to attract semiconductor and electronic manufacturing companies needing both warehouse and office space. As the Boise MSA continues to draw national and international attention, strong in-migration and continued growth should keep office activity healthy for the remainder of the year.

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