BOISE MSA | Q3 2026 RETAIL MARKET REPORT
RETAIL VACANCY TRENDS
Across the Boise Valley, the Caldwell Boulevard submarket has posted the strongest absorption in 2026, North Meridian continued to record the highest volume of retail deals. North Boise, Downtown Boise, and Eagle also experienced healthy tenant demand throughout the first half of the year. Tight market conditions persist across many of the area’s most desirable retail corridors, with both Meridian and Eagle maintaining vacancy rates below 2 percent. Overall retail vacancy has also remained exceptionally low, holding at or below 5 percent throughout 2026 and ending the second quarter at 4.4 percent.
OVERALL VACANCY has held UNDER 6% every month since FEBRUARY 2022.
UNANCHORED RETAIL VACANCY stands at 5.4%, DOWN from 6.7% one year ago.