Commercial Real Estate Market in Boise, ID
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
679 active listings and 6,929 off-market properties in Boise, ID. Commercial property asks $67/SF to buy and $22.55/SF/Yr to lease. Office vacancy runs 11.5%, the loosest of the segments tracked here.
Market Trends
Boise, ID spans 1,228.5 square miles in Ada County, Idaho. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Boise, ID asks $39.03/SF/Yr to lease. Vacancy runs 11.5% in 2025, up from 7.5% in 2020. Nearly 2x the 2021 low of 5.8%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate %
Retail
Retail space in Boise, ID asks $25.64/SF/Yr to lease. Vacancy runs 5.1% in 2025, down from 6.2% in 2019. Down from a 2020 peak of 6.7%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate %
Industrial
Industrial vacancy in Boise, ID runs 9.1% in 2025, up from 3% in 2020. Nearly 9.1x the 2021 low of 1%.
Vacancy Rate %
Multifamily
Multifamily space in Boise, ID asks $280/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 54.6%
- Industrial 19%
- Mixed use 13.9%
- Residential 5.2%
- Agricultural 2.8%
Largest Zones share of zoned land by district
Residential Traditional
Light Industrial
Open Land Very Low Density
Residential Suburban
Residential Compact
Residential Traditional (R-1C)
R-1C Residential: Traditional NC-O Near North End Character Overlay R-2 Residential: Compact Neighborhood Overlay Districts R-3 Residential: Urban BC-O Big Sky Overlay MIXED-USE DISTRICTS SC-O Sycamore Overlay MX-1 Mixed-Use: Neighborhood Design Review Overlay Districts MX-2 Mixed-Use: General CD-O Capitol Boulevard Design Overlay MX-3 Mixed-Use: Active HD-O…
Market overview
Demographics & Economy
Boise, ID has 292,941 residents in 127,330 households. Density runs 238 people per square mile. Median household income here is $84,185 and median gross rent $1,488 a month.
292,941
Population
127,330
Households
2.3
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
1228.5 sq mi
ZIP Area
238
Density / Sq Mi
$84,185
Median Household Income
$44,431
Median Earnings
$1,488
Median Rent
$472,007
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garden City | — | $15.69 |
| Meridian | — | $35.35 |
Commercial property in Boise, ID asks $67/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boise?
Commercial property in Boise, ID asks an average of $67 per square foot. Multifamily carries the highest asking price at $280/SF.
How much does it cost to lease commercial space in Boise?
Asking lease rates in Boise, ID average $22.55 per square foot per year. Office asks $39.03/SF/Yr as of Q2 26, up from $20.24/SF/Yr in Q1 26.
What is the office vacancy rate in Boise?
Office vacancy in Boise, ID is 11.5% as of 2025, up from 7.5% in 2020. That is the highest in the 6-year series. Retail vacancy is 5.1%, below Office vacancy.
Which property type has the lowest vacancy in Boise?
Retail has the lowest vacancy in Boise, ID at 5.1%, inside a 3.6–6.7% band since 2019. For comparison: office 11.5%, industrial 9.1% and multifamily 8.6% (West).
Where does Realmo's Boise market data come from?
Realmo compiles Boise, ID figures from 476 active sale listings, 203 active lease listings, 6,929 tracked off-market properties, the current Boise zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 476 active for-sale and 203 active for-lease listings in Boise, ID. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 56,114 zoned acres across 22 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- multifamily vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
