MARKET SNAPSHOT

2026 Boise Forecast

2025

FORECASTED ANNUAL CHANGE

2026

$1,578

Q4 AVG. EFFECTIVE RENT

1.3%

ANNUAL CHANGE

$1,599

Q4 Avg. Effective Rent

93.2%

Q4 AVG. OCCUPANCY

+50 BPS

ANNUAL CHANGE

93.7%

Q4 Avg. Occupancy

1,024

2025 COMPLETIONS

2,219

10 Yr. Avg. Annual Completions

1,107

2026 COMPLETIONS

2,203

2025 NET ABSORPTION

1,987

10 Yr. Avg. Annual Absorption

1,147

2026 NET ABSORPTION

Source: CoStar
Key Market Themes for 2026
  • Occupancy remains healthy and is forecast to improve into late 2026, indicating the market is holding its tenant base and tightening slightly even as demand normalizes from a strong 2025.

  • Rent growth has shifted into a steady, low-volatility phase with modest gains through 2026, suggesting landlords retain pricing power but are constrained by affordability and competitive leasing conditions rather than pushing aggressive increases.

  • New supply is no longer the dominant headwind since starts and the under construction pipeline are far below long-run norms, so even with slightly higher deliveries in 2026, the market should face less new-lease competition and could tighten faster if job and household growth stay resilient.

MARKET OUTLOOK

Rental market trends in Boise will remain constructive in 2026, supported by a still-tight labor market and durable demand drivers even as leasing normalizes from a strong previous year...

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