Aerial view of Boise, ID

Markets › Boise, ID

Industrial Comps in Boise, ID

Automated market snapshot from recent comparable sales · Oct 2024 – May 2026. Updated 2026-10-09.

Patrick R. · CC BY-SA 3.0

Median price / SF
$149
across 9 recent sales
Typical range
$128–$205
middle of the market, $/SF
Cap rate range
5.75%–6.75%
stabilized deals
OpEx / EGI
12%–18%
assumes NNN, owner keeps roof and structure
Price trend
+3.5%/yr
sale prices over the search window

Boise, ID industrial market

Boise industrial and flex properties continue to see steady owner-user and private-capital demand, with pricing for small-to-midsize warehouse footprints generally clustering between $140 and $240 per square foot. Available comps within Boise proper provided strong transaction density across flex and light industrial assets, requiring minimal geographic expansion into adjoining submarkets.

What's driving Industrial prices in Boise

Small-bay industrial pricing has remained firm with modest appreciation driven by local owner-occupant demand.

Building permits in Boise

Filed / month
71
down 3% on the year
Tenant build-outs
45a month
down 12% on the year
New buildings
25a month
up 15% on the year
Typical wait
53days
tenant build-out to issued

Filed each month

Tenant build-outsNew buildings & additions
020406080100120Oct ’25NovDecJan ’26FebMar92AprMayJunJulAug78Sep020406080100120Oct ’25DecFeb92AprJunAug78Sep

How long until they’re issued

Tenant build-outsNew buildings
0%50%100%030609012015018021053 days100 days0%50%100%06012018053 days100 days

Share of permits issued by days since filing. The red dot is where half are issued.

What it says

Leasing demand45 tenant build-outs a month, down 12%. A build-out follows a signed lease, so this moves before vacancy does.
New supply25 new buildings and additions a month, up 15%. This is the space competing for tenants in a year or two.
How busy the city is75% of the last two months’ permits are still in review. Longer waits hold back new supply.
Second thoughts9% of the 12 months’ permits were voided or withdrawn (81 of 874). A rising share means projects are being shelved.

Next to Meridian and Nampa

CityA monthBuild-out waitNew-building wait
Boise7153 days100 days
Meridian3056 days–
Nampa15––

From Boise’s building permit portal, read every weekday morning: October 2025 through September 2026. Every commercial permit, of every property type. The wait is read from how many permits of each age are issued today, so it assumes the city kept a steady pace. See each permit with a free account →

Market intelligence

$4812024 H2 · 2$1592025 H1 · 3$2332025 H2 · 4$1592026 H1 · 10

Tracking this market since Jul 2026 · 37 comps · 12-month median $149/SF · latest deal Jun 2026.

This quarter: 1 comp added to our corpus in Q4 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.

Where these comps are

Momentum Flat

Pins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned.

Recent Industrial comps in Boise, ID

AddressDateTypeSize (SF)Dock DoorsPrice / Rate$/SFCap RateTenancy
2318 W Main St, Boise, ID 83702 listingMay 2026Sale5175$773,500$149Owner-user
120 E 41st St, Garden City, ID 83714 listingMay 2026Sale65601 grade-level$913,800$139Owner-user
106 W 40th St, Garden City, ID listingApr 2026Sale7960$876,900$110Owner-user
97 N Kings Rd, Nampa, ID listingApr 2026Sale7640$975,000$128Owner-user
1757 N Hampton Rd, Boise, ID 83704 listingApr 2026Sale16200$3,321,000$205Owner-user
1002 Avenue of the Oaks, Boise, ID 83709 listingSep 2025Sale8223$1,920,000$233Owner-user
6983 Supply Way, Boise, ID 83716 listingApr 2025Sale18600$2,950,000$1596.0%Single-tenant NNN
2300 E Commercial St, Meridian, ID 83642 listingOct 2024Sale8448$1,870,000$221Owner-user
Median of 9 recent sales · $149/SF$149

Our verified comp layer for this market includes comps contributed by local brokers: Hawkins Ridge CRE. Are you a broker in Boise? Submit a comp.

What's your industrial property worth?

Get a free, instant estimate from recent comps, with the source cited on every one.

No specific address? Explore Boise industrial properties →

Other markets

Figures are automated estimates derived from public listings, records, and brokerage announcements for Boise, ID, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.