BOISE MSA | Q3 2026 OFFICE MARKET TRENDS
ABSORPTION TRENDS
Leasing activity shifted toward larger transactions during the first half of the year. Although the total number of office transactions declined nearly 10 percent year over year, net absorption increased 36 percent, indicating that tenants leased larger blocks of space than in the prior year. Smaller suites continued to account for the majority of activity, but their share of the market softened, with spaces of 2,000 square feet or less representing 47 percent of transactions over the past 12 months, down from 58 percent the year before.
NET ABSORPTION was UP 36% year over year totaling 126,000 SF.
DOWNTOWN BOISE recorded POSITIVE NET ABSORPTION for the first time since Q4 2023.