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 […]
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 […]