Real Estate and Construction

Office, retail, industrial vacancies stable or declining in Treasure Valley

June 18, 2014 

Treasure Valley commercial real estate numbers

A look at commercial real estate statistics for the Treasure Valley.

SOURCE OF CHARTS AND DATA: THORNTON OLIVER KELLER. RESEARCH BY SVEN BERG, GRAPHIC BY PATRICK DAVIS.

Absorption of office space in Downtown Boise has been higher than anywhere else in the Treasure Valley this year, despite new inventory coming online in the Gardner Co.'s Eighth & Main building. So far this year Downtown has seen a net absorption of 121,800 square feet - more than four times more than the next highest submarket, Southwest Boise. Generally, news was good for industrial space suppliers in April. The overall vacancy rate tracked by Boise commercial real estate firm Thornton Oliver Keller decreased slightly, from 6.8 percent to 6.6 percent. Two submarkets have particularly low rates. The Boise Airport area stands at 2.3 percent, and South Nampa decreased for a seventh straight month to 3.5 percent. The retail vacancy rate also declined in April, from 9.1 percent to 8.8 percent, though that rate is flat since the beginning of the year. Net absorption has been strongest in Meridian thanks to space being leased in The Village at Meridian.

See the Treasure Valley's commercial real estate numbers

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