The Idaho Falls’ retail market had a tough start to 2019 with three big box stores closing including Shopko, Sears, and Toys-R-Us. However the year ended on a high note with two out of three of these stores backfilling.
Autovol, an automated volumetric modular manufacturing factory, has completed their new 410,000 square foot facility off Star Road in Nampa. The company will focus on using automated modular construction to build affordable housing units.
Ada County Commissioners recently highlighted, at a public meeting on area growth concerns, Ada County's population has grown by nearly 40% in the past 20 years. From about 300,000 people in 2000, Ada County will be pushing toward half a million in the next year.
TOK's Research team just finished publishing commercial real estate market update reports for the Boise MSA and Eastern Idaho markets. You can read about vacancy and lease rate trends, absorption statistics and notable transactions.
According to a recent report by CBRE, 17% of US retail sales come from restaurants.
The Idaho Statesman has highlighted big changes to look out for in the Treasure Valley in the year 2020.
According to a recent survey of job markets across the US, Wallethub has ranked Boise in the Top 10 for those seeking a new job. While Boise is not a newcomer to these top lists, it is good to see it included in surveys which focus on job market growth and socio-economics.
Inc.com has awarded Boise a new title as one of the top 2020 'Surge Cities', a ranking of the best American hubs to start a business. Boise earned the No. 5 spot, following major metros such as Austin, Salt Lake City, and Denver.
According to Realtor.com, Boise topped the national list for housing markets positioned for growth in 2020. This is up from the #8 spot in the 2019 rankings. Realtor.com polls the top 100 largest metropolitan markets in order to set their annual list. Salt Lake City (#10) and Spokane (#15) are nearby metros also making the top list.
The month of October saw the delivery of nearly 140,000 SF of spec construction, the highest amount delivered all year. All of the completed spec buildings were in Canyon County, including the Keystone Building (60,000 SF) in Caldwell and 16400 Norco Way (67,500 SF) in Nampa.
