We provide the most comprehensive, detailed analysis of market conditions, property values, and industry trends in Idaho. Our team of research analysts daily track over 122 million square feet of commercial buildings and 90,000 acres of land, utilizing the most comprehensive database of commercial properties in Idaho.
The overall retail vacancy has oscillated in the mid-7 to mid-8 percentage range for the last 2 years. However, the next two months will witness large back-to-back vacancy increases with the closure of the three Treasure Valley Shopko sites. The 95,000 SF Shopko on Fairview will close this March. In April, the Nampa and Broadway Shopkos are also expected to close, totaling 191,000 SF.
In addition to increasing the vacancy rate, these large vacancies will also dramatically decrease net absorption which is currently -83,000 SF for 2019.
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