Boise Commercial Real Estate Weekly Update – 10/31/2025

1. Executive Summary

Idaho’s commercial real estate (CRE) market continues to show resilience and positive momentum, with the Colliers conference reporting low office vacancy (6‑7 %) and growing retail/industrial demand. Inspection and due‑diligence professionals should remain attentive to the uptick in activity and mixed signals from investment volumes.

2. Key Highlights

1. Strong 2025 Growth Across Sectors
   A recent Colliers report highlighted that the Boise market is experiencing substantial gains in office, retail and industrial sectors in 2025, with office vacancy held at approximately 6‑7 %. Idaho Business Review
   Why it matters: For inspections and condition assessments, this means more transactions and more demand for timely property‑condition reports, especially as occupancy rises.

2. Retail Investment Preference Despite Volume Softening
   According to CoStar, while transaction count in Q3 2025 in Boise fell ~14.4% compared to Q2, investor interest is showing a tilt toward retail properties. costar.com
   Why it matters: Retail assets may carry different inspection risk profiles (e.g., parking lot, signage, façade, tenant build‐out). Anticipate higher demand here.

3. Large Leasing Activity in Nampa / Boise Valley
   TOK Commercial reports a 12,480 sq ft industrial lease in the Fuller84 Business Park (Nampa) and 1,542 sq ft office space in Garden City.
   Why it matters: Growth in peripheral submarkets (Nampa, Meridian) means more inspections away from core Boise—addressing infrastructure, access, and service provider logistics is key.

4. Retail and Industrial Cross‑Over Uses Rising
   At the Colliers conference, panelists noted an emerging trend of “industrial style” uses occupying retail‐typical spaces (e.g., distribution, recreation). Idaho Business Review
   Why it matters: These hybrid uses can complicate due‑diligence: building classification, MEP loads, parking, zoning compliance all may differ from traditional uses.

5. Selective Land Market and Resilient Construction
   Although some land acquisition has slowed (e.g., prior 38% drop in Boise MSA land deals) the construction market remains robust.
   Why it matters: New developments bring fresh inspection opportunities but also require awareness of emerging code/regulation changes, especially for newer construction.