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. Despite these headwinds, Q1 2025 saw a 5 percent increase in the number of transactions compared to the same period last year—marking more first-quarter transactions than the past two years. The number of deals involving businesses expanding or adding locations was up 10 percent from Q1 2024 as organic growth continues to drive leasing activity.

What are the current office sublease market trends in the Boise Valley?

Office sublease space has increased 50% from Q1 2022. The Boise MSA currently has 626,000 SF of office sublease space on the market. Meridian and Downtown Boise submarkets both have approximately 650,000 SF of office lease and sublease space available.

Congratulations! For whatever reason, the time has come for you to find new office space. Maybe your company has outgrown your existing space. Or more of your employees are telecommuting so it is time to downsize. Or the location of your customer base has shifted and you need to move closer to serve them better. Regardless of the reason, there are several things to keep in mind when looking for new space.

1.           IT WILL TAKE LONGER THAN YOU EXPECT.