Across the Treasure Valley, office and retail vacancy rates have declined in 2015. Industrial space availability has gone up, however, with Plum Creek Timber vacating 175,000 square feet of space in Meridian. That helped push industrial vacancy in Meridian to its highest point in nearly four years.
Downtown Boise’s retail vacancy rose for the third straight month to 9.2 percent when the Linen Building Event Center closed, vacating 9,000 square feet.
Asking rates for all sectors have risen or remained stable so far this year. Class A space has fared especially well, with rates approaching and, in some cases, eclipsing prerecession levels.
Source: Thornton Oliver Keller