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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.” 

Waste Connections Leases Space in Meridian

1854 E Lanark Meridian Idaho

Waste Connections of Idaho leased 10,632 square feet of industrial space located at 1854 E. Lanark in Meridian.  You can learn more by reading the article that the Idaho Press wrote about this new location for the company.

McCain Foods Opens Burley Expansion

McCain Burley Idaho Plant Expansion

The food processing industry continues to grow in the Magic Valley. McCain Foods, the world's largest manufacturer of frozen potato products, recently celebrated the grand opening of their new 259,000 square foot facility in Burley, Idaho. The project began construction in February 2018 and is a roughly a $200 million investment.

Big Smoke Renews Lease With Franklin Retail Shops

Franklin Retail Shops Nampa Idaho

Big Smoke renewed their 1,728 square foot retail lease in the Franklin Retail Shops, located next to Walmart at 5675 E. Franklin Rd. in Nampa.

Lakeharbor Leases Space to New Tenant

Lakeharbor Boise Idaho

The Real Estate Dream Team, LLC leased office space in Lakeharbor, located at 3050-3250 N. Lakeharbor Lane in Boise.

Downtown Boise Retail Vacancy – Lowest on Record

Boise Idaho Downtown Retail

Downtown Boise’s overall retail vacancy ended May at 3.7% - the lowest rate on record. Currently, the submarket sits with less than 34,000 SF of vacant space – smaller than the size of one big-box space.

Check out the retailers moving to Downtown Boise:

Brownfield Revamp

Tupelo Honey Restaurant

Express Plumbing Leases Industrial Space

7863 W Mossy Cup Street Boise Idaho

Express Plumbing leased 1,760 square feet of industrial space at 7863 W. Mossy Cup Street in Boise.

Westpark Industrial III Welcomes New Tenant

Westpark Industrial III Boise Idaho

Standard Restoration leased 7,500 square feet of industrial space in Westpark Industrial III,  located at 322 N. Steelhead Way in Boise.  

Abundant Life Health Care Leases Space in Boise

8300 W Northview Boise Idaho

Abundant Life Health Care leased 1,140 square feet of office space in the Northview building, located at 8300 W. Northview in Boise.

Allstate Insurance Leases Space in 5th & Main Plaza

5th & Main Plaza Boise Idaho

Allstate Insurance leased 1,581 square feet of office space in the 5th & Main Plaza, located at 121 N. 5th Street in Boise.

Five Locations to Serve You

Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
 

Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600

Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694

Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148

Coeur d'Alene Office
3322 N. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908