The industrial market had another banner year in 2020, ending the year with record-breaking absorption, construction, and total number of transactions. The most notable project of the year was the 2.6 million square foot Amazon Distribution Center in Nampa, making the company a dominant player in the local industrial market and ultimately creating more economic growth throughout the Treasure Valley.
Boise Electric Services leased 600 square feet of office space in the Kendall Center, located at 5483 Kendall Street in Boise. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the transaction.
Pandamania, LLC leased 1,560 square feet of retail space in Hazelwood Marketplace, located at 10785 W. Lake Hazel Road in Boise. Mark Schlag and John Stevens of TOK Commercial facilitated the transaction.
An investor purchased an office condominium in St. Mary's Crossing, located at 2537 W. State Street in Boise. Al Marino of TOK Commercial represented the seller.
Idaho Holdings, LLC purchased 2,240 square feet of retail space located at 1103 S. Vista in Boise. Holly Chetwood of TOK Commercial represented the seller.
CK Rogers, Inc. renewed their 4,850 square feet of industrial space in the South Cole Industrial Center, located at 2772 S. Cole Road in Boise. Chris Pearson and Peter Oliver of TOK Commercial facilitated the transaction.
While the impact of COVID-19 on Idaho's commercial real estate markets continues to play out, as we enter 2021, it's very helpful to consider a few key metrics which we believe best highlight the overall condition of individual product sectors.
As many areas of Idaho continue to experience significant growth — from residents, to development, and employment — Twin Falls has followed suit. Typically known for its strong agricultural industry, recent data from the U.S. Bureau of Labor Statistics proves that Twin Falls is experiencing significant growth in many other industries with one of the largest percentages of growth in non-farm employment across the nation in the past year.
A timeless 1910, former Bed and Breakfast, property is now being offered for sale in the heart of downtown Boise.
Idaho Falls, with a trade area of over 250,000 people, is the 4th largest city in Idaho serving the entire eastern side of the state with major retailers, entertainment, education, and workforce opportunities. Milken Institute's Best-Performing Cities in 2021 Index recently placed Idaho Falls in the top spot for 'Best Performing Small Cities', a six-spot increase from its former ranking.
Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600
Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694
Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148
Coeur d'Alene Office
3322 N. Grandmill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908
Spokane Office
717 W. Sprague Ave. Suite 1202
Spokane, Washington 99201
Main Phone: 509.606.5090