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 […]
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 […]
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 | Q1 2026 INVESTMENT SALES VOLUME The Boise investment market showed renewed momentum in 2025, with total sales volume reaching $670 million, a 28 percent increase from 2024. While activity remains below the record-setting peak of 2021, the year-over-year growth signals continued normalization and improving investor confidence across asset classes. Investment activity was […]
Industrial Construction Trends
BOISE MSA | Q1 2026 INDUSTRIAL CONSTRUCTION New industrial construction totaled approximately 1.4 million square feet in 2025, marking the lowest annual delivery since 2021. This slowdown signals a more supply-side balance as recently delivered projects worked through lease-up and developers responded to moderating absorption levels. CONSTRUCTION surpassed 1 MILLION SF, but ended 2025 at […]
Industrial Net Absorption
BOISE MSA | Q2 2026 INDUSTRIAL NET ABSORPTION Industrial market activity in the Boise Valley remained steady in Q1, with absorption concentrated in a few key submarkets. Total net absorption has improved significantly, rising from -265,000 square feet last year (Q1 2025) to 447,000 square feet in Q1 2026. Activity was led by the Airport […]
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 […]