Unanchored Retail Vacancy Reaches a 13-Year Low

Northpointe Retail center in Meridian Idaho leased

Vacancy in Treasure Valley strip centers reached a 13-year low in October when the overall vacancy rate hit 10.7%. This is a significant decrease from rates during the peak of the recession, when over 25% of strip center space was vacant. Examples of new strip centers which are leasing quickly (in some cases before construction has even been completed), include Northpointe Retail in Meridian, Treasure Valley Pointe in Nampa, and 4363 Gray Fox in Eagle.

The activity surrounding these retail projects has been the subject of some interesting articles written by the local media.  You can read more, here:

Idaho Business Review, Northpointe Retail article

BoiseDev.com, Gray Fox article 

 

Agent Relation: 
Bob Mitchell
Brianna Miller
Holly Chetwood
John Stevens
JP Green
Mark Schlag