Boise Retail Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield
Quarterly retail market indicators for Boise, aggregated by CREhunt from Cushman & Wakefield. As of Q2 2026, average asking rent was $21.65/SF/yr and vacancy was 4.4%, per Cushman & Wakefield.
Projected current retail pricing — Boise
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Boise retail yet, so this applies the typical cap rate across comparable retail markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 6.1%–7.2%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $21.65/SF/yr | 4.4% | -50K SF | — | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $20.09/SF/yr | 4.0% | 34K SF | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | $20.49/SF/yr | 4.2% | 55K SF | — | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $9.96/SF/yr | 16.2% | — | — | Cushman & Wakefield |
| Q1 2024 Cushman & Wakefield | $17.48/SF/yr | — | 240K SF | — | Cushman & Wakefield |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Boise retail 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 |
|---|---|---|
| Caldwell | $26.20/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central Boise | $13.31/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Downtown | $25.16/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Eagle | $28.44/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Kuna | $36.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Meridian | $25.47/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Nampa | $26.09/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Boise | $18.14/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| South Meridian | $29.31/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast Boise | $46.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest Boise | $20.84/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Boise | $16.71/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for retail space in Boise?
- As of Q2 2026, the average asking rent for retail space in Boise was $21.65/SF/yr, per Cushman & Wakefield.
- What is the retail vacancy rate in Boise?
- The retail vacancy rate in Boise was 4.4% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Boise market data come from?
- This report aggregates quarterly retail market data for Boise from Cushman & Wakefield.