Industrial Supply by Available SF
BOISE MSA | Q2 2026 INDUSTRIAL AVAILABLE SUPPLY BY SF New industrial construction totaled approximately 1.4 million square feet in 2025, marking the lowest annual delivery since 2021. This slowdown signals a more supply-side balance as recently delivered projects worked through lease-up and developers responded to moderating absorption levels. CONSTRUCTION surpassed 1 MILLION SF, but […]
Office Tenant Origin Trends
BOISE MSA | Q2 2026 TENANT ORIGIN TRENDS The total number of leasing transactions increased 2 percent compared to the first quarter of 2025, with notable gains among tenants new to the market and local startups, both of which rose 3 percent year over year. A majority of new-to-market tenants—61 percent—secured space within Boise submarkets. […]
Office Sublease Trends
BOISE MSA | Q2 2026 SUBLEASE TRENDS Leasing momentum strengthened in early 2026, with net absorption totaling 58,000 square feet—more than double the amount recorded in the first quarter of 2025. Growth was led by the North Meridian submarket, which posted 36,000 square feet of positive absorption. TOTAL AVAILABLE SUBLEASE SPACE rose to 444,000 SF […]
Boise MSA Office Market Trends Q1 2026
OFFICE CONDITIONS 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, […]
Office Construction Trends
BOISE MSA | Q1 2026 CONSTRUCTION TRENDS Construction activity, while picking up modestly, remains measured. A total of 154,000 square feet delivered in 2025, up from the record low in 2024, including 53,000 square feet of speculative space. Deliveries are projected to accelerate in 2026 with the anticipated completion of the 161,000-square-foot 4th & Idaho […]
Office Vacancy Trends
BOISE MSA | Q2 2026 VACANCY TRENDS Overall vacancy ended the quarter at 6.5 percent and has remained below 7 percent since October 2025,a reflection of consistent tenant demand and limited new supply. Multitenant vacancy declined further to 9.5 percent, reaching its lowest level since 2022 and signaling improving conditions across multi-tenant properties. TOTAL VACANCY […]
Office Lease Rate Trends
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 […]
Office Absorption Trends
BOISE MSA | Q2 2026 ABSORPTION TRENDS New construction was limited to start the year, with just 14,000 square feet delivered in the first quarter. However, the pipeline is expected to pick up as the year progresses. Development remains measured, suggesting the market will continue to absorb space at a sustainable pace while maintaining overall […]
Unlocking Potential TOK Commercial’s 2025 Annual Report
ANNUAL REPORT | 2025 WELCOME! In 2025, TOK Commercial focused on unlocking potential within our clients’ portfolios, our markets, and our own organization. As the commercial real estate landscape continued to evolve, we embraced change as an opportunity, applying insight, agility, and experience to help our clients move from possibility to performance. PERFORMANCE, POWERED BY […]
Retail Construction Trends
BOISE MSA | Q1 2026 CONSTRUCTION TRENDS New construction activity moderated in 2025, with approximately 422,000 square feet of retail space delivered across the Boise MSA. Looking ahead, the development pipeline is increasingly concentrated in grocery-anchored and large-format retail projects planned over the next one to three years. Several major grocers and national retailers have […]