2022 Office Space Rent & Sales
- $21.99 2022 Avg. Asking Rent
- 9.96% 2022 Office Vacancy Rate
Boise office price per square foot in 2022 was $21.99 on average. The local office market recorded an average vacancy rate of 9.96% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Boise Class A & A+ Office Space$24.77
- Boise Class B Office Space$20.60
- Boise Class C Office Space$17.45
- Idaho Class A & A+ Office Space$25.37
- Idaho Class B Office Space$20.46
- Idaho Class C Office Space$17.45
Boise, ID Office Asking Rents by Class
Average office rent in Boise rested at $21.99 per square foot in 2022. 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 $24.77 per square foot. Across all submarkets, class B office space recorded an average asking rent of $20.60 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.45 per square foot, on average. Comparably, statewide Idaho average office rents by class in 2022 were: $25.37 per square foot for class A office space; $20.46 per square foot for class B office space; $17.45 per square foot for class C office space.
2022 Office Vacancy Rates in Boise
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Boise - Downtown | $23.39 | 14.03% |
Boise - Southeast | $20.51 | 5.65% |
Boise - West | $18.76 | 5.63% |
Boise - Northeast | $17.35 | 48.93% |
Coworking Spaces in Idaho
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2022 Office Construction in Boise, ID
Office building | Address | SF | Completed |
---|---|---|---|
Barber Station | 3140 E. Barber Valley Drive | For Sale | 3140 E. Barber Valley Drive Boise, 83705 | 11,501 | 2023 |
Ashland Creek Business Park | 5659 North Glenwood Street, 83714 | 2,912 | 2023 |
Ashland Creek Business Park | 5659 North Glenwood Street, 83714 | 2,912 | 2023 |
New View Pointe Office Building For Sale & Lease | 1941 W Frederic Lane, 83705 | 2,165 | 2023 |
New View Pointe Office Building For Sale & Lease | 1941 W Frederic Lane, 83705 | 2,165 | 2023 |
Proposed Flex Building For Lease | 2099 Century Way, 83709 | 8,200 | 2021 |
Pioneer Crossing | 1290 West Myrtle Street, 83702 | 127,600 | 2019 |
Eighth & Main | 800 West Main Street, 83702 | 390,000 | 2014 |
401 Front Street, Ste 500 | 401 W. Front Street, Suite 500, 83702 | 80,478 | 2007 |
401 W. Front Street, Ste 307 | 401 W. Front Street, Suite 307, 83702 | 80,478 | 2007 |
Worth noting among recent office completions on the Boise market is Barber Station | 3140 E. Barber Valley Drive | For Sale, which is currently the largest new office development in the city, at 11,501 square feet.
See reports for other markets
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.