Rising interest rates and high economic uncertainty resulted in the Boise Investment market seeing a major shift in sales activity in 2023 compared to the two previous record breaking years. Based on disclosed transactions, sales volume ended the year at $416 million. This is down 70 percent from 2022 and the lowest level transaction volume has reached in eight years. Fewer high priced deals traded in 2023 with only six deals over $10 million recorded. In comparison, 25 deals sold over this same dollar amount in 2022. Of the deals that traded in 2023, the industrial sector made up nearly 40 percent of transaction volume with two deals trading for over $20 million.