Retail Construction in Treasure Valley Slows in 2019

Submitted by Anonymous (not verified) on Wed, 07/24/2019 - 03:07

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.

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Vacant Retail Space - What Does The Future Hold?

Submitted by Anonymous (not verified) on Mon, 07/15/2019 - 04:07

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.” 

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