Boise’s cost of living is a key driver of growth. Historically, the cost of living in Boise has been considerably lower than other regional metro areas, including Seattle, Portland and Salt Lake City. Fortunately, Boise has been able to maintain this affordable cost of living while experiencing significant growth. Attracting and retaining a skilled work force is crucial for community and commercial success. We believe that Boise’s unique ability to grow its talent base while maintaining its fully vibrant lifestyle, at a fraction of the cost of similar metro areas, should be celebrated.
News
Twin Falls Land Market Very Healthy
The market for development land in Twin Falls continues to enjoy strong interest. As the entire Magic Valley region has been the subject of attention by national corporations (Chobani, Clif, Jayco, Glanbia...), the demand for development land has risen dramatically. In fact, land prices within the city of Twin Falls seem to be keeping pace with those in the Boise Valley. A combination of factors are contributing to these market conditions, including: scarcity of land, population growth, appraisal values, proximity to new industry and investor interest. The Idaho Business Review recently
Former Kmart space purchased by U-Haul
Two former Kmart buildings (located in Idaho Falls and Ammon) were recently purchased by U-Haul, as the company continues its acquisition of vacant buildings across the U.S., converting the structures into climate-controlled self-storage centers. The Idaho Business Review wrote an interesting article about the Eastern Idaho transactions and U-Haul's plans for the future. Brent Wilson, Brian Wilson, and Bob Mitchell helped to facilitate the transactions.
Inland Crane Leases Space in Benjamin Plaza
Inland Crane has leased office space in Benjamin Plaza located at 8620 W. Emerald Street in Boise, ID.
Overland Place Office Building Sold
Stranded Investments, LLC purchased the Overland Place office building located at 5975-5979 W. Overland Road in Boise.
Legends Mechanical, LLC Renewed Lease
Legends Mechanical, LLC renewed their lease of 5,081 square feet of industrial space located at 2603 Sundance Road in Nampa.
Boise Growth – Our Perspective, Part 2 of our Conversation
As mentioned previously, the positive national attention that Boise has recently received spurred us to reflect on Boise’s past, present and future. As we compare Boise’s growth through the 1990s (when we began our commercial real estate practice in Idaho) with current trends, we continue to be optimistic about both the business environment and the sustained quality of life here in the Boise Valley.
Hire Heroes USA, Inc. Leases Space in Greystone Building
Hire Heroes USA, Inc. leased office space in Greystone Building located at 250 Bobwhite Court in Boise, ID.
Western Power Sports Renews Lease
Western Power Sports renewed their 20,000 square feet of industrial space located at 1445 W. Commerce Avenue in Boise, ID.
Boise Growth – Our Perspective, A Four Part Conversation
If you haven’t heard, Boise is garnering significant positive attention from the national press. The Boise MSA is consistently considered to be a preferred destination for its business environment and quality of life. All of these accolades have spurred growth and given us an opportunity to pause and consider how today’s trends compare to those of the area in the early 1990s.
Over the next few weeks, we’ll share an interesting data point from today’s news and compare it with what life was like in the Boise Valley 25 years ago.