TOK Commercial is proud to offer an excellent investment opportunity in the growing Idaho Falls market.
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.
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.
Downtown Boise is the hub for the Treasure Valley's business, government, culture, and entertainment to over 460,000 people. From local to national, Downtown Boise houses over 700 businesses including some of the area's major employers.
The Snake River Canyon is one of Twin Falls' most iconic scenic attractions, where the Snake River cuts through ancient basalt lava flows creating a spectacular view as you pass over the Perrine Bridge — spanning nearly 500 feet above the river — leading into the city of Twin Falls. This popular destination is where residents and tourists of the area hike, kayak, fish, and even BASE jump.