Boise, ID Multifamily Market Report | Lee & Associates | Q2 2026

Market Overview

Boise’s office market softened modestly in the second quarter with
vacancy rosing from 6.3% to 6.8%. Cap rates still remain strong
compared to the national average at 6.50%. The largest deals included
1001 West Idaho Street in Boise at 32,022 square feet and a sale price
of $7.7 million and 12754 LaSalle Street in Boise at 16,940 square feet
and a sale price of $3.25 million. Meanwhile, asking rents held steady
near $21.40 per square foot, NNN and leasing activity remained strong

About Lee & Associates

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Lee & Associates is a nationwide commercial real estate brokerage serving investors, owners, and occupiers across property types. Their Q1 2026 Boise multifamily market report tracks net absorption, vacancy, asking rents, sale pricing, and top transactions to help investors and owners assess current market conditions. To read the full report, click here.

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