Boise Retail Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from TOK Commercial Q3 20, Cushman & Wakefield
Quarterly retail market indicators for Boise, aggregated by PropZone from TOK Commercial Q3 20, Cushman & Wakefield. As of Q1 2026, average asking rent was $20.09/SF with a 4.0% vacancy rate.
Projected current retail pricing — Boise
low confidenceProjected asking rent
$20.09/SF/yr
Estimated sale value
$216–$273/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 TOK Commercial Q3 20 data (cap rate 5.8%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $20.09/SF | 4.0% | — | — | TOK Commercial Q3 20 |
| Q1 2026 | $20.09/SF | 4.0% | 34K SF | — | Cushman & Wakefield |
| Q4 2025 | $0.17/SF | — | — | — | Cushman & Wakefield |
| Q4 2019 | $17.48/SF | 13.9% | — | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for retail space in Boise?
- As of Q1 2026, the average asking rent for retail space in Boise was $20.09/SF, per TOK Commercial Q3 20.
- What is the retail vacancy rate in Boise?
- The retail vacancy rate in Boise was 4.0% as of Q1 2026 (TOK Commercial Q3 20).
- Where does PropZone's Boise market data come from?
- This report aggregates quarterly retail market data for Boise from TOK Commercial Q3 20, Cushman & Wakefield.
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