Canyon County will continue to see an uptick in sales and development for both commercial and residential land. Large industrial properties have become scarce in Ada County, and many large industrial users, such as Fresca Foods and Capitol Distributing, are moving to Caldwell to expand. Sky Ranch Business Park in Caldwell is an area that has benefited from a lack of product in Ada County.

With no end in sight to rising construction costs, many residential developers are focusing on building higher-priced homes in Ada County. However, builders have found that Canyon County cities can be easier to work with through the entitlement process, helping them keep up with demand. Hurdles normally associated with development are less restrictive and faster to work through in Nampa and Caldwell in comparison to Meridian and Boise.

Within this seller’s market, owners who are contemplating selling real estate are advised to act quickly as economists predict that we are nearing a peak for market values within the current real estate cycle. This is even more important for land sellers due to the necessary time to entitle land for development and close the transaction.