BOISE MSA | Q1 2026
LEASE RATE TRENDS
While still adapting to evolving workplace strategies, the Boise Office market showed measurable improvement in 2025. Net absorption finished the year at 383,000 square feet, up 50 percent from 2024 and marking the strongest annual performance since 2021. Although Downtown net absorption remained negative overall, it improved by 32 percent year over year, a positive sign for the urban core.
CLASS A LEASE RATES are at or above $23.00 per square foot in ALL SUBMARKETS.
Overall and Class A rates hit RECORD HIGHS OF $22.00 & $25.50 per square foot, respectively.