RETAIL TEAM
RESEARCH
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Treasure Valley retail vacancy falls to 3.4% from 4%, its lowest level in more than a year, on 126,284 square feet of positive net absorption
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Absorption nearly triples from Q2’s 45,724 square feet, with Ada County accounting for 106,741 square feet and Canyon County adding 19,543
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Overall NNN asking rents climb to $23.36 per square foot, led by Ada County at $24.01 and a jump in Star from $22.95 to $44.10 as new space delivers
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Kuna posts the valley's strongest retail net absorption at 45,708 square feet, extending its run as one of the region's fastest growing submarkets
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Kuna leads all Treasure Valley submarkets in retail net absorption, absorbing more than 45,000 square feet in Q2
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Suburban submarkets drive Q2 retail growth, led by Kuna's 45,708 square feet of positive net absorption
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Star submarket sees retail asking rates jump 12% as strong tenant demand drives vacancy down to a tight 0.7%
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D & B Supply completes the significant sale of a 109,000 square foot retail property in the Caldwell submarket
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Vasa Fitness secures a major retail lease for 67,108 square feet, anchoring new market activity in Boise
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Treasure Valley net absorption rebounded to over 250,000 square feet, marking a decisive return to positive growth
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Canyon County fueled the recovery with nearly 170,000 square feet of absorption, driven by demand for new inventory
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Regional vacancy stabilized at 4.1%, remaining significantly tighter than national averages despite new supply
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Treasure Valley retail moved toward stabilization in Q3 2025 after rapid expansion, with demand remaining steady despite negative YTD absorption.
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Ada County saw modest asking rate gains supported by population and labor force growth, while Canyon County experienced a slight correction.
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Overall, the quarter marked a return to equilibrium across the retail market.
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Retail asking rates surged in Canyon County but dipped in Ada County, with the Treasure Valley maintaining strong pricing momentum overall
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Net absorption revealed contrasting trends, with gains in Ada County offset by a significant decline in Canyon County occupancy
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Vacancy in Canyon County spiked due to challenges in the Idaho Center Submarket, while Ada County remains below the national average
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Joann Fabrics has closed all 8 of its Idaho stores, with the locations now headed to auction
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The 123-year-old Adelmann Building in downtown Boise is on the market for $4.6 million, offering a rare opportunity to own a piece of local history
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Life Time plans to open its first “athletic country club” in the Treasure Valley, taking over 135,000 square feet at 1650 E. Riverside Dr. in Boise.