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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.

The Magic Valley Mall is welcoming national retailer Kohl’s. The department store will be taking over the 68,700 square foot space that previously housed Sears. The parking lot and interior of the space are currently under construction. With Shopko’s recent closure, Kohl’s announcement signals a bright future for the mall and is expected to attract more shoppers. 

"New data shows that more retailers are opening more stores than are closing them." ICSC just released a report by the IHL Group, that reviewed 1,660 national retail chains and that finds "roughly five retail chains are opening stores for every single retailer that is closing them this year... The firm also reports that the number of chains adding stores in 2019 has increased by 56 percent, while the number of chains closing them has decreased by 66 percent." 

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.