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 […]
Multifamily Land Permits & Values
BOISE MSA | Q3 LAND MARKET REPORT 2026 MULTIFAMILY PERMITS & VALUES Multifamily development activity continued to moderate through July, with both permitted units and permit value declining from the prior year. The region recorded 694 permitted multifamily units, down from 984 units in July 2025, reflecting a more measured pace of new development. Meridian […]
Single Family Land Permits & Values
BOISE MSA | Q3 2026 LAND MARKET REPORT SINGLE FAMILY PERMITS & VALUES Residential land activity remained relatively stable through July, with modest changes in both permitting and home values. Single-family permit volume declined 5.1 percent year over year, while total permit value increased just 2.6 percent compared with July 2025, indicating a relatively steady […]