Warehouse Industrial Space Minutes From I-15 Ready For Occupancy

Eastern Idaho is a prime location for business growth offering industrial properties.

Eastern Idaho, like the rest of the U.S., is experiencing an exceptionally high demand for well-located industrial space. Warehouse, logistics, and distribution sites are an essential component of the economy's expansion into online commerce, and businesses of all sizes are pivoting to remain competitive.  The industrial property offered for lease at 3875 American Way in Idaho Falls, is a perfect fit for tenants searching for space to facilitate their distribution or manufacturing requirements.  

Boise Ranks as One of Top Ten Most Resilient COVID-19 Markets

Top Ten Markets During and Post COVID-19

The National Association of REALTORS® recently released a report of the Top Ten Markets During and in a Post-COVID Environment in 2021-2022. Among major metro areas such as Atlanta, Dallas, Phoenix, and Provo, Boise carved its place into the Top Ten list - showing resilience during the pandemic and forecasted for continued high performance in a post-COVID-19 environment.

Boise's Natural Strengths Could Assist in Covid-19 Rebound Efforts

Hike and Boulder at Tablerock in Boise, Idaho

The Boise MSA has become a staple of national Best Places to Live lists lauding the area's many amenities - accessibility, affordability, safety and outdoor lifestyle.  Recently, Livability wrote two articles related to Boise's appeal and offering their estimations of what the future might hold.

Industrial Activity Remains Resilient, with Total Number of Deals Increasing

Industrial Market Update, Boise MSA

Even with our current economic state, the Boise industrial market remains strong with total number of deals up nearly 5% over the past 12 months.

The North submarket leads the way in industrial activity while Meridian has the highest gross absorption at 178,600 SF. This number is mostly attributed to Gensco occupying their new 68,000 SF space on Lanark.

Overall industrial vacancy has also remained stable at 3.5%, with multitenant vacancy currently at 7.0%.

Retailers Begin to Rebound from COVID-19 Impact

Governor Brad Little Visits Lit & Co. Candles as Retailers Begin Reopening

The past month brought a glimmer of hope for Idaho retailers moving forward.  May 1st marked the beginning of Idaho’s Stage 1 of reopening, with many non-essential retailers being allowed to open their doors for the first time in over a month. Stage 2 of reopening began May 16th – allowing for another wave of business owners to open –including dine-in restaurants, salons, and fitness centers.  Stage 3 began last week, on May 30th, as most remaining retailers – such as bars and movie theaters – were able to open their doors.  Although shopping, entertainment, and services may look different as retailers must still adhere to business protocols – the buzz of excitement is in the air. 

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