Boise Industrial Real Estate Booming
While Boise area residential real estate catches its breath, the industrial warehouse sector is booming, according to an article in today’s Idaho Statesman.
Companies seeking to expand or establish a new presence in Boise are having difficulty finding existing warehouse space that meets their needs.
Michigan-based Weller Auto & Truck, Inc. envisions Boise as the hub for its expansion into the Western U.S. Market, but had trouble finding available warehouse space with the 20 feet of floor-to-ceiling clearance they needed, so they will be spending $1.1 million to build their 11,000 square feet of expandable warehouse space.
The current vacancy factor for such space stands at 4.8% and local commercial brokers are saying lease rental rates have climbed 10% this year.
October 28th, 2006 Posted in Around Boise
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