Retail Tenant Origin

February 22, 2026

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Unlocking Potential TOK Commercial’s 2025 Annual Report

Unlocking Potential TOK Commercial’s 2025 Annual Report

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 and beverage users, and fitness concepts—particularly boutique fitness and Pilates studios—are expected to remain among the most active tenant categories.

525,000 SF was ABSORBED by tenants EXPANDING OR OPENING ADDITIONAL SPACES.

RESTAURANTS accounted for 35% of NEW-TO-MARKET DEALS in 2025.