Boise, Idaho regional rental rate comparison

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Information about Boise, Idaho regional rental rate comparison
Real Estate

Published on February 5, 2014

Author: KARENWARNER3

Source: slideshare.net

Description

Graph showing comparison of office space rental rates in downtown Boise and other downtown submarkets throughout the northwest region.

Downtown rents for Class A office space in downtown Boise average $20.02 per square foot, 20% to 60% lower than most other markets in the northwest. Buildings considered Class A are of the highest quality in their particular market.
Boise's closest neighbor, Salt Lake City, Utah, is a full 40% higher at $28.12 per square foot and Reno, Nevada is 20% higher at $24.07 per square foot. Only Spokane comes close to our average rents at $20.12 per square foot.

Boise's availability of Class A office space at affordable rents creates opportunity, both for local businesses and those coming in from outside of the market.

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Karen Warner, CCIM is a commercial real estate broker and Principal of Tenant Realty Advisors, a Boise-based exclusive tenant representation firm. She is a member and President of CREW Idaho Chapter (Commercial Real Estate Women).

Northwest regional downtown office space rent and vacancy rates $35.00 15.00% $32.51 14.00% $30.68 $30.00 13.00% $28.12 12.00% $25.51 $25.00 $24.07 11.00% 10.00% $20.12 $20.02 $20.00 9.00% $15.00 8.00% Boise Salt Lake Reno Spokane Rent Portland Vacancy Seattle Denver

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