2024 Office Space Rent & Sales
- $21.25 2024 Avg. Asking Rent
- -0.17% Y-o-Y Avg. Asking Rent Change
- 16.86% 2024 Office Vacancy Rate
Boise office price per square foot in 2024 was $21.25 on average. This marked a -0.17% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.86% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Boise Class A & A+ Office Space$24.30
- Boise Class B Office Space$19.75
- Boise Class C Office Space$13.39
- Idaho Class A & A+ Office Space$24.18
- Idaho Class B Office Space$21.29
- Idaho Class C Office Space$13.39
Boise, ID Office Asking Rents by Class
Average office rent in Boise rested at $21.25 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Boise averaged $24.30 per square foot. Across all submarkets, class B office space recorded an average asking rent of $19.75 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $13.39 per square foot, on average. Comparably, statewide Idaho average office rents by class in 2024 were: $24.18 per square foot for class A office space; $21.29 per square foot for class B office space; $13.39 per square foot for class C office space.
2024 Office Vacancy Rates in Boise
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Boise - Downtown | $23.45 | 19.91% |
| Boise - Southeast | $22.39 | 15.86% |
| Boise - Southwest | $20.23 | 14.18% |
| Boise - Northeast | $18.00 | 27.17% |
| Boise - West | $17.30 | 12.94% |
Coworking Spaces in Idaho
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2024 Office Construction in Boise, ID
- Boise, ID Total SF under construction in 2025 161,405
| Office building | Address | SF | Completed |
|---|---|---|---|
| Ashland Creek Business Park | 5659 North Glenwood Street, 83714 | 2,912 | 2024 |
| Barber Station | 3140 E. Barber Valley Drive | For Sale or Lease | 3140 E. Barber Valley Drive, 83705 | 11,501 | 2023 |
| Eagle View Landing - 1032 South Silverstone Way | 1032 South Silverstone Way, 83642 | 47,239 | 2022 |
| Proposed Flex Building For Lease | 2099 Century Way, 83709 | 8,200 | 2021 |
| Pioneer Crossing | 1290 West Myrtle Street, 83702 | 127,600 | 2019 |
| Shoreline Office Space | 1649 W Shoreline Dr, 83702 | 21,350 | 2008 |
| View Pointe Business Park | 1880 West Judith Lane, 83705 | 1,841 | 2008 |
| 835 W. Front St. | 835 W. Front St., 83702 | 1,383 | 2008 |
| Medical Condos For Sale or Lease | 9205 & 9209 W. State St., 83714 | 1,234 | 2008 |
| Medical Condos For Sale or Lease | 9205 & 9209 W. State St., 83714 | 1,234 | 2008 |
Worth noting among recent office completions on the Boise market is Ashland Creek Business Park, which is currently the largest new office development in the city, at 2,912 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Boise commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.