The Portland-based company will move into the One Capital Center building this June, after a $2.3 million remodel of the second and third floors is completed. The building at 9th and Main has been morphing after original tenant JR Simplot Co. vacated numerous floors for a new custom-built campus a few blocks away last year.
Vacasa will take up 35,000 square feet and will be moving all Boise-area employees to One Cap.
“The new space will accommodate Vacasa’s growing team in Boise,” CFO Ryan Vestal said. “We have currently 115 employees in Boise and have 11 open roles which can be found on Vacasa’s career page.”
The new space will bring the Boise team together and allow for future expansion.
“Vacasa’s Boise team has seen a lot of growth in the last year,” he said. “As our team continues to grow, we need a space that can grow with us.”
Vacasa completed a $103.5 million “series B” funding round (jargon for a second round of investment in a company) in October as it continues to grow in a space dominated by Airbnb. Vacasa provides a managed-service approach to home rentals.
Corrects number of Boise employees and date of series B funding. Also adjusts attribution of quote.