Boise’s Office Market Isn’t Dead — These Major Leases Show Where Demand Is Still Growing
For the past few years, the national conversation around office real estate has sounded almost entirely negative.
Remote work.
Downsizing.
Vacancies.
Uncertainty.
But Boise’s office market continues telling a more balanced story.
And a new group of major office leases recognized by CoStar suggests that companies are still actively committing to physical office space across the Treasure Valley — especially when the location and use case make sense.
According to reporting by CoStar News, several large office leases signed during the first quarter of 2026 were recognized as part of CoStar’s Power Broker Quarterly Deal Awards for the Boise market.
The deals involved:
- Government office users
- Engineering firms
- Medical office tenants
- Legal offices
- Semiconductor-related companies
That mix reveals an important trend in Boise commercial real estate:
office demand has not disappeared — it is simply evolving.
The Office Tenants Expanding Right Now Tell an Important Story
One of the biggest leases involved the Idaho Commission of Pardons & Parole consolidating operations into office space along Boise’s government and medical corridor.
That matters because government and institutional users often prioritize:
- Central locations
- Public accessibility
- Long-term stability
- Operational efficiency
Meanwhile, Meridian saw significant leasing activity from engineering and technology-related firms.
Great West Engineering leased space in the El Dorado Business Campus, while Disco Hi-Tec America — a company tied to semiconductor manufacturing equipment — expanded into Silverstone Park.
Those are not random industries.
They connect directly to several larger trends shaping Idaho’s economy:
- Infrastructure investment
- Population growth
- Technology expansion
- Advanced manufacturing
- Engineering demand
For Boise office space owners, that is encouraging because it shows demand is increasingly coming from specialized, operationally driven businesses rather than purely traditional corporate users.
Meridian Continues Strengthening as an Office Hub
Several of the highlighted leases happened in Meridian instead of downtown Boise.
That is significant.
Over the last several years, Meridian has increasingly positioned itself as a major business center within the Treasure Valley thanks to:
- Newer office product
- Easier parking
- Growing residential density
- Business park development
- Proximity to expanding suburban populations
Companies today are often looking for office locations closer to where employees live.
That suburban office trend has become more important since the pandemic reshaped commuting preferences.
For Boise commercial real estate investors, this reinforces why suburban office submarkets may continue outperforming older office corridors in certain sectors.
Medical Office Demand Remains Strong
Another key lease involved Grace Women’s Health expanding within the St. Luke’s medical campus area in Nampa.
Medical office continues being one of the more resilient segments of commercial real estate because healthcare demand remains steady regardless of broader office trends.
The Treasure Valley’s rapid population growth continues creating demand for:
- Healthcare services
- Specialist clinics
- Outpatient facilities
- Medical office buildings
- Healthcare-adjacent development
That makes medical office one of the strongest long-term sectors within Boise commercial real estate.
Renewal Activity Matters Too
One of the overlooked details in the CoStar report involved Eberle Berlin renewing its downtown Boise office lease.
Renewals may not generate the same attention as flashy relocations, but they are important indicators of market stability.
In many office markets nationwide, tenants are shrinking footprints or leaving urban cores entirely.
But Boise continues seeing firms maintain long-term office commitments — especially in sectors like:
- Legal services
- Government relations
- Finance
- Professional services
That suggests downtown Boise still holds value for companies that benefit from proximity to government, courts, and business networks.
Local Insight: Boise’s Office Market Is Becoming More Specialized
The biggest shift happening right now is not necessarily less office demand.
It is more selective office demand.
Companies today are placing greater emphasis on:
- Location quality
- Employee accessibility
- Parking
- Operational efficiency
- Modern building systems
- Flexibility
The office spaces attracting activity tend to be:
- Newer
- More efficient
- Better located
- Easier to access
- Closer to workforce growth areas
That is why Boise, Meridian, and Nampa continue seeing office leasing momentum even while many larger U.S. office markets struggle.
For Boise commercial real estate owners and investors, the takeaway is clear:
Office demand still exists — but the market increasingly rewards properties that align with how companies actually work today.
Mike Gioioso (joy-OH-so) has for 16+ years been helping companies of all sizes buy, build, and lease perfect places for business in greater Boise, Idaho and beyond.
www.streetsmartidaho.com mike@streetsmartidaho.com 208-209-9166
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