Boise Office Figures Q2 2026

Office fundamentals in the Boise metro softened in Q2 2026 as occupancy losses outweighed pockets of positive demand. Net absorption totaled negative 104,000 sq. ft. during the quarter, bringing year-to-date absorption to negative 82,000 sq. ft. through the first half of 2026. Consequently, overall vacancy increased 70 basis points (bps) quarter-over-quarter to 8.5%, while total availability rose 110 bps to 9.7%. Despite broader market softness, Class A properties posted the only positive absorption during the quarter, reflecting continued occupier preference for premium office space. Class A availability increased 110 bps quarter-over-quarter to 10.6% but remained 170 bps below the year-ago level.

Supply conditions remained measured despite softer occupancy trends. Space under construction declined to 187,000 sq. ft. in Q2 2026 following the delivery of Eagle River VII, a 25,000-sq.-ft. office building in the Eagle submarket. Development activity remained subdued, with no new projects breaking ground during the quarter and all remaining construction concentrated in Downtown Boise. Looking ahead, limited near-term supply and disciplined development activity should help support market stability as occupiers continue to evaluate long-term space needs.