Idaho is gaining the attention of franchises as its economy is continually projected to outperform the majority of states.  As mentioned in a recent Idaho Press article, according to Laffer-ALEC's 2020 State Economic Competitiveness Index, Idaho received a third-place ranking for economic growth outlook and ranked eleventh in economic performance when compared to the rest of the nation.  With this optimistic economic potential and proven resilience in 2020, accompanied by Idaho's attractive business-friendly environment, more franchisees are seeing the appeal of placing their next locations in Idaho.  

An undisclosed buyer purchased 14,000 square feet of office space in Woodruff Plaza, located at 610 S. Woodruff Avenue in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction.

Hole Foods, LLC leased 1,200 square feet of retail space in Hillcrest Plaza, located at 2675 E. Sunnyside Road in Ammon. Brent Wilson and Brian Wilson of TOK Commercial facilitated the transaction.

SRA Development, LLC purchased a 19,000 square foot industrial building located at 3385 N. Hawthorne Road in Pocatello. Laurie Reynoldson and Dustin Mortimer of TOK Commercial facilitated the transaction.

The past month brought a glimmer of hope for Idaho retailers moving forward.  May 1^st marked the beginning of Idaho’s Stage 1 of reopening, with many non-essential retailers being allowed to open their doors for the first time in over a month. Stage 2 of reopening began May 16^th – allowing for another wave of business owners to open –including dine-in restaurants, salons, and fitness centers.  Stage 3 began last week, on May 30^th, as most remaining retailers – such as bars and movie theaters – were able to open their doors.  Although shopping, entertainment, and services may look different as retailers must still adhere to business protocols – the buzz of excitement is in the air.