Total retail construction in the Boise MSA reached over 96,000 square feet in the first three months of 2025. Notably, the North Meridian area emerged as the primary development hub, accounting for 36 percent of this total. Significant projects completed during this period include a 7,000-square-foot strip center at 179 Ten Mile and the opening of Idaho Pups & Ales at Ten Mile Crossing.

The Office market in the Coeur d’Alene region is expected to remain steady but supply-constrained due to high construction costs. While 163,000 square feet of new office space was delivered in 2024—36 percent of which was speculative—future speculative development is likely to be limited as developers remain cautious. Currently, only 45,000 square feet of office space is planned or under construction, with owner-users driving most new projects.

North Idaho’s Industrial market is expected to remain tenant-favorable as high vacancy levels are likely to put downward pressure on lease rates. Overall lease rates have dropped 3 percent, from $1.00 per square foot to $0.95 per square foot (NNN, monthly), with Post Falls seeing the lowest rates at $0.93 per square foot, where vacancy remains an elevated 31.2 percent. While there is pent-up demand from local businesses looking to expand, high costs have made it difficult for tenants to grow.