2023 was a banner year for industrial development with almost 4.5 million square feet of new construction completed. This is especially true in Canyon County, where 3.1 million square feet of new construction delivered, a record high for the area. It was also a historic year for speculative construction which surpassed 3 million square feet, comprising 70 percent of total construction.
According to the US Census Bureau, the majority of Eastern Idaho cities saw population grow by over two percent from 2020. The strongest growth happened in the cities of Rigby and Ammon, with an 8.2 percent increase and a 7.3 increase, respectively. This growth continues to drive multifamily development in Eastern Idaho, as demonstrated by a 62 percent increase in multifamily unit permits from the end of 2022.
Additionally, there are 75,000 students registered each semester between four major universities and colleges within the region, per REDI. This large student population in Eastern Idaho also plays a major role in multifamily development
Boise, ID – The Northwest’s leading full-service commercial real estate company, TOK Commercial, is pleased to announce the promotion of seven new partners to its ownership group. The group exemplifies the firm’s commitment to creating meaningful career opportunities for TOK’s team of professionals.
Listed in alphabetical order, the new partners include:
The Titan Center's leasing team of Brian Wilson, Brent Wilson, and Gavin Phillips are excited to announce their partnership with Portneuf Valley Soccer Club in locating a space that would allow the club to open a "state of the art indoor sports facility which will provide the 2,000-plus registered players and their families associated with the club a much-needed space to practice indoors throughout the year" has resulted in the club's plans to open their new facility in the
We're thrilled to share that three of the cities where our offices are located were recently recognized as 2023's Best Performing Cities by the well-respected Milken Institute. The Milken Institute's BPC rankings offer an objective evaluation of the economic performance of US metropolitan areas based on 12 key measures that cover labor market conditions, high-tech impact, and access to economic opportunities.
Per the report, three trends emerged:
The cities’ performance is closely related to growth in jobs and wages and the expansion of high-tech industries drives this growth. Idaho Falls (the top-ranked small city) stands out in its growth of jobs and wages in high-tech concentration.
Twin Falls Trailer Rental is an established and profitable trailer rental business, now seeking new ownership and location!
In the realm of commercial real estate investment, a pragmatic focus on self-storage markets is gaining traction among discerning investors. The increasing demand for secure, convenient storage solutions nationwide positions this sector as a promising arena for those seeking sustainable returns.
Front and center in this growing market is Star Storage, a self-managed 310-unit facility poised for substantial growth. Recent operational improvements have resulted in an 87% occupancy rate for enclosed units and 61% for RV spaces, highlighting immediate profitability. The facility's strategic location further aligns with economic trends, presenting a noteworthy investment opportunity.
Introducing Thomson Farms, a 55-acre mixed-use development that seamlessly integrates low, medium, and high-density housing with a conveniently located grocery-anchored shopping center. Approved as a Planned Unit Development (PUD) in 2017, the first two phases of the apartment complex were successfully completed in 2020, offering 190 fully stabilized, cash-flowing units. Future phases will unfold on an additional 47.13 acres, featuring single-family residential lots, townhomes, and retail spaces, completing this ambitious and well-planned community.
Prime Location, Exceptional Value
Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600
Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694
Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148
Coeur d'Alene Office
3322 N. Grandmill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908
Spokane Office
717 W. Sprague Ave. Suite 1202
Spokane, Washington 99201
Main Phone: 509.606.5090
