Retail Vacancy Trends

May 13, 2026

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Retail Space Leased By Actual Lease Rate

Retail Transactions By Square Footage

Industrial Supply by Available SF

Office Tenant Origin Trends

Office Sublease 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 past year.

Unanchored vacancy declined to 5.4%, the lowest level recorded since May 2024.