Boise Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE
Quarterly office market indicators for Boise, aggregated by CREhunt from Cushman & Wakefield, CBRE. As of Q2 2026, average asking rent was $22.91/SF/yr and vacancy was 11.2%, per Cushman & Wakefield.
Projected current office 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 5.3%, asking rent held flat). Assumes ~89% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $22.91/SF/yr | 11.2% | -222K SF | — | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $23.00/SF/yr | 10.6% | 11K SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | $23.76/SF/yr | 7.8% | 12K SF | — | CBRE |
| Q4 2025 Cushman & Wakefield | $23.66/SF/yr | 11.5% | -341K SF | — | Cushman & Wakefield |
| Q1 2025 Cushman & Wakefield | $23.66/SF/yr | 11.6% | — | — | Cushman & Wakefield |
| Q4 2024 Cushman & Wakefield | $23.16/SF/yr | 10.6% | — | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Boise office 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 | $15.80/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Bench | $21.32/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Caldwell | $22.68/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central Boise | $19.66/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown | $22.78/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Eagle | $29.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Meridian | $27.78/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Nampa | $24.13/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Boise | $19.58/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Meridian | $24.64/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast | $24.03/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast Boise | $20.57/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest | $21.72/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest Boise | $21.53/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West | $22.10/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West Boise | $20.68/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Boise office did not fully agree. On vacancy, the sources span 2.8 points — from 7.8% (CBRE) to 10.6% (Cushman & Wakefield). Asking-rent estimates differ by $0.76/SF/yr — from $23.00/SF/yr to $23.76/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 7.8% | $23.76/SF/yr | — |
| Cushman & Wakefield | 10.6% | $23.00/SF/yr | 5.3% |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Boise?
- As of Q2 2026, the average asking rent for office space in Boise was $22.91/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Boise?
- The office vacancy rate in Boise was 11.2% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Boise market data come from?
- This report aggregates quarterly office market data for Boise from Cushman & Wakefield, CBRE.
- How much do brokerage estimates differ for office space in Boise?
- For Q1 2026, the brokerage sources CREhunt aggregates for Boise did not fully agree. On vacancy, the sources span 2.8 points — from 7.8% (CBRE) to 10.6% (Cushman & Wakefield). Asking-rent estimates differ by $0.76/SF/yr — from $23.00/SF/yr to $23.76/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.