Online shopping's affect on Boise retailers

By: Thornton Oliver Keller
 
BOISE, Idaho - Feb. 24, 2016 - PRLog -- While online shopping continues to grow, it still makes up less than 10 percent of overall sales. However, technology is becoming an increasingly useful tool for retailers. Sixty percent of consumers report doing research online before making a purchase. How retailers use their space in the coming years will continue to evolve, with some retailers opting to give back space when it comes time to renew, or adding more warehouse space to their stores to accommodate online orders. Even with these changes, some industries remain “online proof,” such as restaurants, discount retailers, and fitness centers.

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.

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Thornton Oliver Kelly
***@tributemedia.com
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Source:Thornton Oliver Keller
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Tags:Commercial Properties
Industry:Industrial
Location:Boise - Idaho - United States
Subject:Reports
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