NEWS & INSIGHTS | Eastern Idaho
A prominent article in the September 2022 edition of the East Idaho Business Journal explored the impact that a new 110,000 SF Amazon warehouse facility would have in the Idaho Falls area. The Journal's article referenced the fact that "Idaho Falls’ commercial real estate vacancy rate is at a record low, with total vacancy at 1.6 percent. And, despite limited product, leasing activity remains strong, according to TOK Commercial’s third-quarter market report, which looks at office, industrial and retail sectors as all three adjust to new demands for design models and location needs throughout Bonneville County and the surrounding area."
The Journal interviewed Brent Wilson, a partner at TOK Commercial leading the firm's Eastern Idaho office, who spoke about hot spots in the current commercial real estate market. "The Hitt Road corridor, especially for retail, is taking off. Tenants see the value in being located near a regional retailer, and so you’re going to capture the shoppers from Mackay, Island Park, and Jackson in that type of location," he said, "There is no doubt that Costco is a magnetic point."
The article explored key transactions and future commercial real estate trends. "With a spectrum of clients in Montana, Idaho, and Wyoming, Wilson is seeing the big-picture trends in commercial demands, especially for restaurants in the post-pandemic world, and what is specific to Idaho Falls that makes it an attractive market for franchises..."
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