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Idaho's Job Growth Rate Strong

Boise Idaho capitol building

In an effort to evaluate the labor-market and general economic health for all the states and the District of Columbia, the Business Insider recently analyzed states' unemployment rate, job growth, per-capita GDP, GDP growth, average weekly wages, and wage growth.

Retail Construction in Treasure Valley Slows in 2019

del taco retail space

Retail construction in the Treasure Valley has been minimal this year with the only active sector being single-tenant pad buildings. As construction costs continue to increase, many developers have found that single-tenant buildings (with a tenant in-tow) present far less risks than spec construction.

New single-tenant pads include O’Reilly off of Idaho Center Blvd., Del Taco in Caldwell, and PIVOT Lifestyle + Fitness Center at Ten Mile Crossing.

Vacant Retail Space - What Does The Future Hold?

Idaho Falls Kmart commercial property

Idaho Falls brokerage services specialist, Brent Wilson was recently interviewed by the Post Register on the future of vacant retail space in the Eastern Idaho commercial real estate market. In the article, Brent mentions that there is interest in Idaho Falls’ vacant retail space. However, he expects the buildings to be reused in new ways.

“It’s what we call adaptive reuse,” Wilson said. “The businesses are going to be the experiential/entertainment-type of uses, golf simulation for one example. There’s also going to be multiple vocational schools occupying big box buildings.” 

Retail Market Trends - Meridian Submarket Leads In Transactions

Retail shopping center in Meridian, Idaho

The Meridian submarket leads the way for the Treasure Valley’s retail market transactions. Net absorption is the strongest at 21,000 SF with 21 deals occurring YTD.

Projected supply is 15 months, which is within the 6-18 month healthy range. The largest deal YTD occurred when Steelz purchased 2150 Fairview Avenue, occupying 13,200 SF of the building.  

Costco is Coming to Idaho Falls

Idaho Falls Costco commercial building

Idaho Falls, the 4th largest city in Idaho, is finally welcoming Costco. Thornton Oliver Keller’s own Brent Wilson is representing the big-box retailer, who plans on building a 150,000 square foot store at the intersection of Lincoln and Hitt Roads. The facility will also include a 15-30 pump fueling station. 

Food For Thought: Part Two

commercial food hall

What drives foot traffic, offers landlords an attractive option for anchoring their buildings and is considered by some to be the ultimate amenity that a mixed-use project can offer?  In this blog post, Holly Chetwood explores the answer to this question - Food halls.   

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