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Home / News / Construction / Industrial vacancies are nearly down to “functionally obsolete” (access required)

Industrial vacancies are nearly down to “functionally obsolete” (access required)

The industrial vacancy rate across the Treasure Valley rested at 4.7 percent in April and as low as 3.87 percent in Nampa. That may as well have been zero, said Thornton Oliver Keller Commercial Real Estate agents Dan Minnaert and Devin Pierce. “Once you get below 4 percent, those are functionally obsolete buildings,” Minnaert said. Nampa dropped below ...

About Teya Vitu

Teya Vitu is an Idaho Business Review reporter, covering commercial real estate, construction, transportation and whatever else may intrigue him in the moment. Join me on Twitter at @IBR_TeyaVitu.