MAGIC VALLEY | MIDYEAR 2026 INDUSTRIAL MARKET REPORT
INDUSTRIAL LEASE RATES
Strong industrial tenant demand in the Magic Valley, coupled with a limited supply of speculative inventory, enabled the market to efficiently absorb new deliveries, contributing to a decline in overall vacancy to 2.0 percent, down from 2.4 percent one year earlier. Meanwhile, Class A asking lease rates plateaued at $1.15 per square foot (NNN, monthly).