October 13, 2025
BOISE VALLEY
Golf Envy leased 3,266 square feet of retail space located at 2250 E. State Street in Eagle. Holly Chetwood of TOK Commercial represented the tenant. Jonathan Langston of Coldwell Banker Tomlinson represented the landlord.
Treasure Valley Subs, LLC leased 1,500 square feet of retail space located at 677 S. Main Street in Meridian. JP Green and Moses Mukengezi of TOK Commercial represented the landlord. Mike Erkmann of NAI Select represented the tenant.
The Boise MSA land market has shown resilience and selective growth through the first seven months of 2025, with mixed signals across different sectors reflecting a maturing market adjusting to evolving economic conditions. Commercial land consideration over the last 12 months totaled $49.3 million, down 38 percent compared to this time last year. Despite the slowdown in land acquisition, commercial construction has surged.
The Boise investment market continues to operate within a challenging interest rate environment, with the 10-year Treasury rate maintaining elevated levels around 4.3 to 4.5 percent throughout the first half of 2025. Multifamily maintained the lowest cap rates at 5.3 percent, followed by retail at 5.8 percent, while both industrial and office properties reached 6.0 percent.
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.
📉 National Office Market in Decline (2025)
|
