MARKET SNAPSHOT

Boise q2 2026

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AVERAGE RENT

$1,636 Q2 2026

OCCUPANCY RATE

94.9% Q2 2026

NET ABSORPTION

2,374 T4Q

ANNUAL RENT CHANGE

4.2% Q2 2026

ANNUAL OCCUPANCY CHANGE

85 BPS

UNIT COMPLETIONS

1,737 T4Q

KEY TAKEAWAYS

Demand continues to outpace supply in Boise, driving occupancy higher and placing the market among the strongest performers in the Mountain West region.

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The construction pipeline has fallen to just 927 units under construction, or 2.1% of inventory, one of the leanest pipelines in the region, with several submarkets, including North Boise, Nampa, and Downtown Boise, carrying no active construction at all.

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Rents have inflected sharply after two quarters of negative growth, ranking second among Boise's regional peer markets and reinforced by durable, high-wage demand from Micron's expanding semiconductor investment in the metro.

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MARKET OUTLOOK

Few markets in the Mountain West enter the back half of 2026 with as favorable a supply setup as Boise. The construction pipeline has contracted sharply over the past year, and with demand continuing to outpace deliveries...