Retail Construction Trends

February 22, 2026

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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 announced locations, including a Fred Meyer in Caldwell, multiple WinCo developments, and a Costco in South Meridian. This wave of grocery-led development is expected to anchor new retail nodes, drive demand for adjacent shop space, and support continued leasing activity in surrounding neighborhoods.

422,000 SF of new retail SPACE DELIVERED, DOWN 35% from last year.

SPECULATIVE space ACCOUNTED for 29% of NEW CONSTRUCTION in 2025.