Office Vacancy Trends

July 23, 2026

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BOISE MSA | Q2 2026

VACANCY TRENDS 

Overall vacancy ended the quarter at 6.5 percent and has remained below 7 percent since October 2025,
a reflection of consistent tenant demand and limited new supply. Multitenant vacancy declined further to 9.5 percent, reaching its lowest level since 2022 and signaling improving conditions across multi-tenant properties.

TOTAL VACANCY decreased from 6.8% in Q1 2025 to 6.5% in Q1 2026.

Vacancy in MULTITENANT BUILDINGS decreased from 10.0% to 9.5% over the past 12 months.