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 | Q1 2026 VACANCY TRENDS Vacancy trends further illustrate a market regaining balance. Overall vacancy declined 20 basis points to 6.6 percent year over year, staying within 6.8 and 7.3 percent for most of 2025 before falling at year-end. Multitenant vacancy also improved, decreasing 30 basis points to 9.8 percent. Sublease availability tightened […]
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 | Q1 2026 ABSORPTION 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 by […]
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 | Q1 2026 VACANCY TRENDS Vacancy ended 2025 at 5.1 percent, increasing from 4.1 percent at the end of 2024 but remaining historically low and below 5.1 percent since March 2024. Unanchored vacancy closed the year at 5.9 percent, in line with prior-year levels. Asking lease rates remained resilient, averaging $22.50 per square […]
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 | Q1 2026 ABSORPTION TRENDS Retail market activity in the Boise MSA during 2025 was defined by strong tenant demand and elevated deal velocity, offset by notable move-outs that weighed on net absorption. Net absorption finished the year at 63,000 square feet, the lowest annual total since 2019—largely due to several large vacancies […]
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 […]