Commercial Land Consideration
BOISE MSA | Q3 LAND MARKET REPORT 2026 COMMERCIAL LAND CONSIDERATION Commercial land transaction activity also strengthened, with total consideration increasing 22 percent compared with the previous 12 months. Retail remained the leading property type, accounting for 45 percent of total commercial land consideration, reflecting continued demand for sites serving the valley’s growing population. Meridian […]
Commercial Land Permits & Values
BOISE MSA | Q3 2026 LAND MARKET REPORT COMMERCIAL PERMITS & VALUES The commercial land market showed a significant increase in investment value over the past year, despite a decline in overall permitting activity. Permit value reached $865 million, more than double the July 2025 level, largely driven by major projects from Micron Technology. Micron […]
Market Reports
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Retail Space Leased By Actual Lease Rate
BOISE MSA | Q2 2026 RETAIL SPACE LEASED BY ACTUAL LEASE RATE The retail market is well-positioned for continued stability, supported by strong population growth and sustained tenant demand. Organic expansion remains a key driver, with more than 50 percent of transactions from the past year coming from existing operators growing their footprints. As for […]
Retail Transactions By Square Footage
BOISE MSA | Q2 2026 RETAIL TRANSACTIONS BY SQUARE FOOTAGE A notable trend this past quarter was the resurgence of large-format leasing. Several high-profile deals helped absorb long-standing vacancies, including Vasa Fitness leasing 67,100 square feet at Boise Plaza West (formerly Burlington), AutoZone taking 36,100 square feet at District 208 in Nampa, and Tractor Supply […]
Industrial Supply by Available SF
BOISE MSA | Q2 2026 INDUSTRIAL AVAILABLE SUPPLY BY SF Leasing activity continues to be driven by demand for smaller, functional spaces. Over the past 12 months, approximately 86 percent of all transactions involved spaces under 20,000 square feet, while larger blocks have experienced lower absorption. Tenants are prioritizing well-located properties with efficient layouts, particularly […]
Office Tenant Origin Trends
BOISE MSA | Q2 2026 TENANT ORIGIN TRENDS The total number of leasing transactions increased 2 percent compared to the first quarter of 2025, with notable gains among tenants new to the market and local startups, both of which rose 3 percent year over year. A majority of new-to-market tenants—61 percent—secured space within Boise submarkets. […]
Office Sublease Trends
BOISE MSA | Q3 2026 OFFICE MARKET REPORT SUBLEASE TRENDS Available sublease space increased by nearly 100,000 square feet in May 2026, ending the second quarter at 549,000 square feet. This marks the first time sublease inventory has exceeded 500,000 square feet since December 2024 and represents a 35 percent increase from June 2025. Sublease […]
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 | Q3 2026 OFFICE MARKET REPORT CONSTRUCTION TRENDS Construction activity has been on pace to exceed last years total, with 85,000 square feet delivered through the first half of 2026. Meridian accounted for 57 percent of this new development, continuing its role as one of the region’s most desired areas. More notably, 54,000 […]