Research
Unrivaled Market Intelligence. Unmatched Local Expertise.
Our research team partners directly with top-tier commercial real estate brokers to deliver comprehensive, hyper-local market data across every major property type and market in our region. This collaboration ensures our insights are not only data-driven but grounded in real-time market activity.
In a landscape where conditions shift rapidly, our research gives you the clarity and confidence to act decisively. Whether you're investing, leasing or managing property, we provide the timely intelligence you need to stay ahead of the curve.
From forward-looking thought leadership and emerging trend analysis to deep dives into economic fundamentals, our tailored reports empower you to make smarter decisions and keep your business competitive.
Market Reports
Key takeaways
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Office, Retail and Industrial sectors all saw negative absorption in Q3, led by Southern Idaho (–21.7K SF office, –77.4K SF retail, –93.2K SF industrial).
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Vacancy remains tight across markets—generally lower in Southern Idaho (1.8–3.5%)—while Eastern Idaho posts higher asking rates in office and retail, but lower in industrial.
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Construction activity is minimal, with limited new space underway—mostly in Southern Idaho’s industrial sector and Eastern Idaho’s retail segment.
Key takeaways
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Office market showing stabilization in Q3 2025, with slightly higher vacancy and continued negative absorption.
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Regional strength: overall vacancy remains well below national levels, and absorption improved moderately during the quarter.
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Long-term support comes from Boise MSA fundamentals, including strong labor force growth and ongoing infrastructure investment.
Key takeaways
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Industrial market softened in Q3, with higher vacancy, negative net absorption, and mixed movement in asking rates.
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Market rebalancing follows an extended period of expansion, similar to other property types in the region.
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Supply and demand dynamics: new deliveries and construction give tenants more options, while demand is stabilizing rather than declining.
Key takeaways
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Treasure Valley retail moved toward stabilization in Q3 2025 after rapid expansion, with demand remaining steady despite negative YTD absorption.
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Ada County saw modest asking rate gains supported by population and labor force growth, while Canyon County experienced a slight correction.
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Overall, the quarter marked a return to equilibrium across the retail market.
Key takeaways
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Home prices and sales rose in 2025, with Ada County new homes at $552,495 (+0.46%) and Canyon County at $464,476 (+9.3%); total home sales in both counties increased 7.9% YTD.
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Employment and population growth remain strong, with Idaho employment at 972,377 (+0.29%), a 3.7% unemployment rate, and population growing 1.5% in 2024—above the national average.
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Commercial land listings shifted regionally: Eastern and Canyon counties grew, Ada County declined, and total statewide listed acreage fell slightly in Q3.
Key takeaways
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Boise and Meridian boast some of the lowest unemployment rates in the state, fueling steady in-migration and local spending
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Rental prices and home sales continue to climb, reflecting strong demand and tight inventory across the Treasure Valley
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Population and labor force growth signal the need for thousands of new housing units annually to keep pace with demand
Key takeaways
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Office vacancy in the Treasure Valley remains far healthier than the national average, with Ada County showing early signs of stabilization
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Asking rates rose in both Ada and Canyon counties, signaling resilience and landlord confidence despite shifting demand
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Net absorption remains negative but is improving, supported by strong regional economic fundamentals and long-term growth potential
Key takeaways
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Retail asking rates surged in Canyon County but dipped in Ada County, with the Treasure Valley maintaining strong pricing momentum overall
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Net absorption revealed contrasting trends, with gains in Ada County offset by a significant decline in Canyon County occupancy
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Vacancy in Canyon County spiked due to challenges in the Idaho Center Submarket, while Ada County remains below the national average
Key takeaways
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Home prices in both Ada and Canyon counties continued to climb year-over-year, with new single-family homes seeing increases of over 3%
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Home sales activity rose sharply in the first half of 2025, up 7.6% compared to the same period last year across Ada and Canyon counties
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Idaho’s population and employment growth remain strong, while commercial land availability saw subtle shifts across regions
Key takeaways
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Industrial absorption surged by nearly 383,000 square feet across the Treasure Valley, with Canyon County leading the charge in new deliveries
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Big box space continues to reshape the market while shallow bay options tighten, driving Ada County vacancies down to just 1.8%
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Asking rates are climbing steadily, with both Ada and Canyon counties posting quarter-over-quarter gains above $1.00 per square foot
Key takeaways
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Office, Retail, and Industrial markets in Eastern and Southern Idaho remain strong, supported by population growth, job gains and active leasing
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Vacancy rates are low across all sectors, with office at 1% in Southern Idaho, retail below 3%, and industrial continuing to tighten
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Asking rates are rising, especially in Southern Idaho, driven by demand, limited supply and improved market data access
Key takeaways
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Kuna approves rezoning for $1 billion Gemstone Technology Park, paving the way for a major data center development
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Chobani invests $500 million to expand its Idaho facility by 500,000 square feet and create at least 160 new jobs
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Tractor Supply Co. to build an 865,000 square foot distribution center in Nampa, serving over 200 stores across the Pacific Northwest
Key takeaways
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Joann Fabrics has closed all 8 of its Idaho stores, with the locations now headed to auction.
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The 123-year-old Adelmann Building in downtown Boise is on the market for $4.6 million, offering a rare opportunity to own a piece of local history.
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Life Time plans to open its first “athletic country club” in the Treasure Valley, taking over 135,000 square feet at 1650 E. Riverside Dr. in Boise.
Key takeaways
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Two new 6-story condos with retail, residential and office space planned for 8th Street in Downtown Boise, continuing the area’s transformation
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Meridian Road widening project underway to accommodate projected 55% traffic increase over the next 25 years
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Intuit to cut 715 jobs company-wide; former TSheets building in Eagle now listed for sublease
Key takeaways
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Redevelopment and expansion projects are underway, including new townhomes in Twin Falls and a proposed street expansion in Ammon.
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Retail growth is strong, with major openings from Sierra and WinCo in Twin Falls and Rexburg, plus new development at University Towne Center.
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Industrial and education investment continues with the College of Eastern Idaho’s Future Tech Building advancing STEM programs in the region.