Retail Tenant Origin
BOISE MSA | Q3 2026 RETAIL MARKET REPORT RETAIL TENANT ORIGIN Leasing activity remains driven primarily by existing businesses expanding within the market, with 45 percent of tenant activity over the past 12 months coming from retailers opening additional locations. Although most deals remain concentrated among smaller users, larger-format retailers continue to play an important […]
Retail Absorption Trends
BOISE MSA | Q3 2026 RETAIL MARKET REPORT RETAIL ABSORPTION TRENDS The Boise MSA retail market remained healthy through the second quarter of 2026, supported by strong tenant demand, limited available space, and several large lease transactions. Net absorption reached 282,000 square feet through the first half of the year, a significant improvement from the […]
Investment Boise Cap Rates
BOISE MSA | Q3 2026 INVESTMENT MARKET TRENDS BOISE CAP RATES Financing conditions continued to shape investor underwriting and pricing. The 10-year Treasury yield ended July at 4.8 percent, keeping borrowing costs elevated and maintaining pressure on cap rates. Average retail cap rates remained stable at 6.1 percent, consistent with both last year and the […]
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 | Q3 2026 INVESTMENT MARKET REPORT INVESTMENT SALES VOLUME Transaction volume also increased, signaling broader market participation. A total of 55 investment sales closed through June, up 19 percent from the first half of 2025. Retail remained the most active sector with 22 sales, followed by office, industrial, and multifamily. SALES VOLUME ended […]
Industrial Construction Trends
BOISE MSA | Q3 2026 INDUSTRIAL MARKET REPORT INDUSTRIAL CONSTRUCTION The Boise MSA’s speculative industrial development remains very active, with approximately 710,000 square feet delivered through June 2026, led by projects including High West Business Park, Boise Gateway Building 4, and 2546 Fry Street, all located in South Boise. While much of this new inventory […]
Industrial Net Absorption
BOISE MSA | Q3 2026 INDUSTRIAL MARKET REPORT INDUSTRIAL NET ABSORPTION The Boise MSA industrial market remained healthy through the second quarter of 2026, supported by strong tenant activity and a significant increase in occupied space. Net absorption totaled nearly 1.8 million square feet, up substantially from 481,000 square feet during the same period last […]
Industrial Tenant Origin
BOISE MSA | Q2 2026 INDUSTRIAL TENANT ORIGIN Tenant demand has been led primarily by organic growth. Expansions and additional locations accounted for roughly 41 percent of all transactions, while new-to-market users made up another 23 percent, signaling continued interest from outside companies. Recent market entrants such as Mesa, Ewing Kessler, and Keller Supply further […]
Industrial Vacancy Trends
BOISE MSA | Q3 2026 INDUSTRIAL MARKET REPORT INDUSTRIAL VACANCY Despite several years of elevated new construction, market conditions for industrial product across the Boise MSA have remained relatively stable. Overall industrial vacancy declined slightly to 8.1 percent, down from 8.8 percent one year ago, and has generally remained within the 8 to 9 percent […]
Industrial Market Report
BOISE MSA | Q1 2026 INDUSTRIAL CONDITIONS The industrial sector recorded 1.1 million square feet of net absorption, marking the eighth consecutive year surpassing one million square feet. While this total marks the lowest annual absorption recorded since 2017, it still reflects a fundamentally active and resilient market. In addition, transaction volume remained healthy and […]