Industrial Lease Rate Trends
BOISE MSA | Q3 2026 INDUSTRIAL MARKET REPORT INDUSTRIAL LEASE RATE TRENDS Industrial lease rates have remained resilient despite the increase in available space. Average asking rents currently stand at $1.10 (NNN, monthly) per square foot, only slightly below $1.13 recorded a year ago and marking the third consecutive year that market-wide rates have exceeded […]
Industrial Vacancy Trends Magic Valley
MAGIC VALLEY | MIDYEAR 2026 INDUSTRIAL MARKET REPORT INDUSTRIAL VACANCY TRENDS In H1 2026, the Magic Valley industrial market posted its strongest mid-year net absorption on record, with more than 350,000 square feet absorbed through the first half of the year. Construction activity remained robust, with more than 360,000 square feet delivered during the same […]
Industrial Lease Rate Trends Magic Valley
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 […]
Single Family Land Permits & Values Magic Valley
MAGIC VALLEY | MIDYEAR 2026 LAND MARKET REPORT SINGLE FAMILY PERMITS & VALUES The first half of 2026 saw the Magic Valley’s residential construction slow year-over-year, as single-family permit activity fell 42 percent, while permit valuation declined 46 percent. In contrast, multifamily development showed modest improvement, with more than $5 million in permits issued through […]
Commercial Land Permits & Values Magic Valley
MAGIC VALLEY | MIDYEAR 2026 LAND MARKET REPORT COMMERCIAL PERMITS & VALUES Commercial development activity moderated through the first half of 2026, with 27 commercial permits totaling nearly $31 million issued during the period. This represents a slight decline from the first half of 2025, when 33 permits valued at $39 million were issued.
Office Lease Rate Trends Magic Valley
MAGIC VALLEY | MIDYEAR 2026 OFFICE MARKET REPORT OFFICE LEASE RATES Asking office lease rates in the Magic Valley increased 1 percent year over year to $19.25 per square foot (NNN, annually), with Class A space in the Canyon submarket commanding the highest rates at $25.50 per square foot.
Office Vacancy Trends Magic Valley
MAGIC VALLEY | MIDYEAR 2026 OFFICE MARKET REPORT OFFICE VACANCY Approximately 14,500 square feet of speculative office space was delivered in the Magic Valley during the first half of 2026. Despite the addition of new inventory, steady leasing activity kept vacancy largely unchanged at 3.7 percent, compared with 3.6 percent one year earlier (2025).
Retail Tenant Activity Magic Valley
MAGIC VALLEY | MIDYEAR 2026 RETAIL MARKET REPORT RETAIL TENANT ACTIVITY Leasing activity was driven by several significant move-ins, including D&B Supply’s new 58,000-square-foot store store in Jerome, Burlington’s entry into the Magic Valley market with a 27,000-square-foot lease at Canyon Park, and Gem State Paper’s 13,000-square-foot lease in South Twin Falls.
Retail Vacancy Trends Magic Valley
MAGIC VALLEY | MIDYEAR 2026 RETAIL MARKET REPORT RETAIL VACANCY Despite strengthening tenant demand, overall retail vacancy in the Magic Valley remained unchanged from one year earlier as several mid-box retailer closures, including the 19,000-square-foot Claude Brown’s Home Furnishings, offset a significant portion of the market’s occupancy gains.
Boise MSA Office Market Trends Q2 2026
Boise Office Market Holds Firm as Vacancy Tightens and Leasing Activity Accelerates Q2 2026 Boise MSA Office Market Update The Boise MSA office market continues to demonstrate remarkable resilience. Despite ongoing economic uncertainty nationally, the Treasure Valley’s office sector entered 2026 with healthy leasing activity, tightening vacancy, and record-high asking lease rates. While tenants remain […]