University Towne Center Phase 1: New Commercial Real Estate Development in Rexburg, Idaho

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Rexburg, Idaho, one of the fastest growing cities in Eastern Idaho, is about to welcome an exciting new commercial development: University Towne Center - Phase 1. Located at Mikan Drive and University Boulevard just off the first Rexburg exit, this development will bring new shopping, dining and business opportunities to the community. Whether you are a local resident, BYU-Idaho student or business owner, this project promises to be a game-changer for Rexburg’s commercial landscape. 

Why University Towne Center is Great for Rexburg Businesses 

Rexburg has become a hub of growth in Eastern Idaho. Home to Brigham Young University-Idaho (BYU-Idaho), the city has a youthful, vibrant population with a median age of 22. The on-campus student population for Fall 2024 was 24,111 and BYU-Idaho enrolls more than 36,000 students annually across three semesters. This steady influx of students combined with low property taxes, a highly educated workforce and affordable living costs makes Rexburg, Idaho, a prime location for businesses to thrive. 

Rexburg also serves as a commercial center for over 140,000 residents across Eastern Idaho, stretching from Salmon, Idaho to Jackson Hole, Wyoming. Its proximity to major roads, residential neighborhoods and top attractions like Yellowstone National Park and Grand Teton National Park ensures a high-traffic environment and strong growth potential for retail and dining businesses.

Businesses Already Committed 

Brands are already signing on, bringing exciting new options for the Rexburg community. Zeppe’s, Jersey Mike’s, Wing Stop and Doorzza have all committed to opening locations in the plaza. These restaurants will give residents, visitors and students at BYU-Idaho more dining options and add convenience to the area. 

Leasing Opportunities Available 

While some units are already claimed, several spaces are still available for businesses looking to join this high-growth development: 

• Units 2 and 3: 1,200 SF each, can be combined 

• Units 5, 6 and 7: 1,200 SF each, can be combined 

• Unit 8: 1,800 SF, can be combined with other units 

New spaces will be ready for Q4 2025 delivery, making now the ideal time for businesses to secure a location in Rexburg’s newest commercial hub. 

A Bright Future for Rexburg through Real Estate

Developments like University Towne Center reflect the continued growth and economic opportunity in Rexburg. With its strategic location near BYU-Idaho and easy access from major roads, this center is set to become a cornerstone of the community. Whether you are a business owner planning to expand or a resident excited about new dining and retail options, University Towne Center Phase 1 in Rexburg, Idaho, is a real estate development to watch. 

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Contact Us for Leasing in Rexburg, Idaho 

• Don Zebe: 208-403-1973 | don.zebe@colliers.com 

• Mike Zebe: 208-705-6453 | mike.zebe@colliers.com 

• Jared Zebe: 208-709-7311 | jared.zebe@colliers.com