Boise Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, Lee & Associates
Quarterly industrial market indicators for Boise, aggregated by CREhunt from Cushman & Wakefield, CBRE, Lee & Associates. As of Q2 2026, average asking rent was $10.80/SF/yr and vacancy was 9.6%, per Cushman & Wakefield.
Projected current industrial pricing — Boise
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 5.8%, asking rent trend-adjusted to today). Assumes ~90% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $10.80/SF/yr | 9.6% | -299K SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | — | 9.2% | 74 SF | — | CBRE |
| Q1 2026 Cushman & Wakefield | — | 9.1% | 519K SF | — | Cushman & Wakefield |
| Q3 2025 Lee & Associates | $12.68/SF/yr | 9.0% | 37K SF | — | Lee & Associates |
| Q3 2025 Cushman & Wakefield | $10.68/SF/yr | 8.9% | — | 280K SF | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $10.56/SF/yr | 8.6% | — | 6 SF | Cushman & Wakefield |
| Q3 2021 Cushman & Wakefield | $9.72/SF/yr | 2.0% | — | — | Cushman & Wakefield |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Boise industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport | $2.08/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Bench | $1.03/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Caldwell | $0.87/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central Boise | $1.05/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown | $0.85/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Eagle | $1.45/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Meridian | $1.42/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Middleton | $1.25/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Nampa | $1.21/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Boise | $1.25/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Meridian | $1.17/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast | $0.99/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast Boise | $1.22/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest | $0.86/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest Boise | $0.95/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West | $1.22/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| West Boise | $1.24/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Boise industrial did not fully agree. On vacancy, the sources span 0.1 points — from 9.1% (Cushman & Wakefield) to 9.2% (CBRE). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 9.2% | — | — |
| Cushman & Wakefield | 9.1% | — | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Boise?
- As of Q2 2026, the average asking rent for industrial space in Boise was $10.80/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Boise?
- The industrial vacancy rate in Boise was 9.6% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Boise market data come from?
- This report aggregates quarterly industrial market data for Boise from Cushman & Wakefield, CBRE, Lee & Associates.
- How much do brokerage estimates differ for industrial space in Boise?
- For Q1 2026, the brokerage sources CREhunt aggregates for Boise did not fully agree. On vacancy, the sources span 0.1 points — from 9.1% (Cushman & Wakefield) to 9.2% (CBRE). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.