Key takeaway
Treasure Valley's office market continues to beat the national numbers, showing lower vacancy and faster growth. The BLS reports that employment increased from 375,000 in October 2021 to 391,000 in January 2022, beating the increase for the entire October 2020 - October 2021 period (12,000). Asking rates were stable this quarter and office vacancy remains much lower in the Treasure Valley than elsewhere in the country, where vacancy rates three times as high are the norm.
