What is the typical cap rate for office in Boise?

About 5.3% as of Q1 2026, per Cushman & Wakefield.

Is the Boise office market tightening or softening?

Vacancy is around 10.6% (Q1 2026).

Office

The Owyhee

the owyhee, boise, ID 83702

Price

Price on request

Price/Sq Ft

$13.00

Description

Downtown office building in bustling location Featuring seven floors of contemporary office space, The Owyhee offers tenants the opportunity to be right in the heart of Downtown. Abundant natural light, thoughtful design, and upscale amenities work in tandem with a bustling, vibrant setting to create modern workplace environs with undeniable appeal.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

the owyhee, boise, ID 83702

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Boise office market showed a 10.6% vacancy rate, average asking rents near $23.00/SF/yr, and cap rates around 5.3%. Source: Cushman & Wakefield Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$23.00/SF/yr

Estimated sale value

$196–$255/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 5.3%, asking rent held flat).

View the full Boise Office market report →

Compare it against other office listings for sale in Boise, ID to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Boise?: About 5.3% as of Q1 2026, per Cushman & Wakefield.
Is the Boise office market tightening or softening?: Vacancy is around 10.6% (Q1 2026).

Unified Estimate

Medium Confidence

$34.61/SF-$46.83/SF

Mid: $40.72/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.