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Follow on Google News | Online shopping's affect on Boise retailersBy: Thornton Oliver Keller Lease rates for retail space in the Boise MSA will improve over the next 12 months as demand remains strong and some of the better located Class B/C centers lease up. Vacancy will bump up in the first half of the year as Kmart vacates 98,000 square feet at Five Mile and Fairview. After this initial uptick, vacancy should improve throughout the year. Due to strong population growth, the Boise MSA will continue to show up on more retailers’ short lists for expansion opportunities. As a result, pad sales and transaction activity will remain strong in the coming year. Rapid population growth in North Meridian will drive development in this area, especially near the Chinden and Linder intersection. End
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