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Boise Multifamily Market Analysis

A first-quarter 2026 multifamily market report for the Boise, Idaho region covering rental trends, occupancy, supply, and demand dynamics.

MultifamilyU.S. NationalCanada
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Annual net absorption fell from 20.5 million sq ft in 2024 to 852,722 sq ft in 2025 despite more than 12 million sq ft of tenant growth in the fourth quarter. Deliveries in 2025 totaled 253.6 million sq ft, down 52 percent from the 526 million sq ft record set in 2023.

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