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.
TOK is proud to offer retail space for lease in one of the Pocatello-Chubbuck area's most premier shopping centers.
Snake River Landing is Idaho Falls' newest 450+ acre master-planned community, prominently positioned between the Snake River and Interstate 15. Upon completion, the development will boast energy of new retailers, commercial and office users, new residents, an event center, and open green areas with water features.
Downtown Twin Falls has recently experienced significant revitalization as the city's Urban Renewal effort has brought new businesses, retailers, events, and community attractions to the multi-block heart of the city.
Idaho's rapid development and in-migration are no longer a secret as the state, and Boise in particular, continue to gain national attention for the number of inbound residents and development occuring to keep up with it. State natives and newer Idahoan's alike are finding the land market to be very competitive as the "Boise land rush" narrows land opportunities available.