The Mercantile Building — Lease in Boise, ID

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Boise, ID
  • Size: 75,031 SF

Description

The Mercantile Building - Available for lease

Market Context

This retail in Boise, ID is listed for lease across 75,031 SF. It has been on the market for 208 days. Compare it against other retail listings for lease in Boise, ID — view the full market.

As of Q1 2026, the Boise retail market showed a 4.0% vacancy rate, average asking rents near $20.09/SF/yr, rents down 5.7% year over year, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Softening rents give tenants room to negotiate on terms.

Retail market FAQ

What is the typical cap rate for retail in Boise?
About 5.8% as of Q1 2026, per multiple brokerage reports.
Is the Boise retail market tightening or softening?
Vacancy is around 4.0%, with asking rents softening year over year (Q1 2026).

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