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Key Highlights

Retail space vacancy in Meridian under 1%, reflecting strong demand

Micron expansion expected to add thousands of jobs and boost growth

Class A retail rental rates now reaching mid-$40s per square foot

Boise remains attractive compared to other regional commercial markets

The phrase “going through the roof” may best sum up the evolving commercial real estate market in downtown Boise and neighboring communities throughout the Treasure Valley.

“Look out a window in downtown Boise and you’ll see a tower growing,” said Joe Jackson, executive vice president of ESI Construction . “Fifteen years ago, we got super excited if we saw even one tower going up in our downtown market. Now it is the norm to have about five to seven at any given time. That re

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