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Industrial & Housing Demands Drive Land Sales, With Development Expected to Increase in 2021

TOK Commercial's Land Report for Q1 2021 in the Boise MSA

Like most sectors, the uncertainty at the onset of the pandemic resulted in a brief slowdown for the commercial land market in early 2020, however, the sector picked back up in the latter half resulting in a year-end total of 345 acres sold and a total consideration of over $68 million.

Beautiful Historic Office Space in Downtown Idaho Falls

Photo of 591 Park Avenue in downtown Idaho Falls, Idaho

Idaho Falls has rich history spread throughout its downtown blocks.  Dating back as far as 1892, more than 13 well-maintained historic buildings remain in the downtown area.  These buildings offer a look into the early days of the city, which was established in 1865, as well as its expansion and development.

2020 was a Record-Breaking Year for Industrial, 2021 is Projected to Continue the Trend

TOK Commercial's Industrial Report for Q1 2021 in the Boise MSA

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.

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