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 […]
Retail Vacancy Trends
BOISE MSA | Q2 2026 VACANCY TRENDS Leasing activity has held steady, with demand continuing to translate into meaningful occupancy gains. Vacancy remains tight, reinforcing landlord leverage. Strong absorption—fueled by large space backfills and steady small-shop demand—pushed vacancy to its lowest level in a year. Overall vacancy fell to 4.7%, its lowest level in the […]
Retail Tenant Origin
BOISE MSA | Q1 2026 TENANT ORIGIN The retail market is expected to remain competitive, supported by population growth, steady consumer spending, and sustained interest from expanding tenants. Organic growth will continue to be a primary demand driver, as existing operators expand footprints and new-to-market retailers increasingly enter the region with multi-location rollouts. Restaurants, food […]
Retail Absorption Trends
BOISE MSA | Q2 2026 ABSORPTION TRENDS Leasing activity has held steady, with demand continuing to translate into meaningful occupancy gains. Gross absorption increased by 79 percent year-over-year, while net absorption more than doubled—an indication that tenants are not only active, but are successfully backfilling previously vacant space. Six transactions over 10,000 SF occured in […]
Market Reports
Boise MSA Industrial Market Report Retail Market Report Office Market Report Land Market Report Investment Market Report Multifamily Annual Market Report Multifamily Quarterly Market Snapshot Magic Valley Magic Valley Market Outlook Magic Valley Mid-Year Market Update Magic Valley Multifamily Market Report Eastern Idaho Eastern Idaho Market Outlook Eastern Idaho Mid-Year Market Update Eastern Idaho Multifamily […]
Investment Boise Cap Rates
BOISE MSA | Q1 2026 BOISE CAP RATES Cap rates in the Treasure Valley held steady or compressed slightly in 2025, signaling stable market fundamentals and continued investor demand. Office cap rates remained flat at 6.1 percent, while industrial and retail edged down to 6.0 percent and 6.1 percent, respectively. Multifamily continued to trade at […]
Investment Sales By Property Type
BOISE MSA | Q1 2026 INVESTMENT SALES BY PROPERTY TYPE In total, six industrial deals, six multifamily deals, along with three retail deals exceeded the $10 million threshold in 2025. In total, 118 disclosed investment transactions closed during the year, up 10 percent from 2024. Retail led all sectors with 36 percent of total deals, […]
Investment Sales Volume Trends
BOISE MSA | Q1 2026 INVESTMENT SALES VOLUME The Boise investment market showed renewed momentum in 2025, with total sales volume reaching $670 million, a 28 percent increase from 2024. While activity remains below the record-setting peak of 2021, the year-over-year growth signals continued normalization and improving investor confidence across asset classes. Investment activity was […]
Industrial Construction Trends
BOISE MSA | Q1 2026 INDUSTRIAL CONSTRUCTION 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 ended 2025 at […]