Industrial Vacancy Hits Historical Low in Airport Submarket

Former Shopko Distribution Facility Boise Idaho

Industrial vacancy in the Airport submarket, one of the most active industrial areas in Boise, hit 1.04% in August. This is the submarket’s lowest vacancy rate on record.

Along with low vacancy, the submarket has only 1.4 months of supply and has reached nearly 300,000 square feet of net absorption so far this year.

Most of 2019’s largest industrial deals have occurred in the Airport submarket, including Solitco's leasing of the former Shopko distribution center (347,000 SF) and Western Power Sports' expansion of their facility by 105,000 SF.

Agent Relation: 
Chris Pearson
Dan Minnaert
Devin Pierce
Gavin Phillips
Michael Ballantyne
Michael Ballantyne