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.
CK Rogers, Inc. renewed their 4,850 square feet of industrial space in the South Cole Industrial Center, located at 2772 S. Cole Road in Boise. Chris Pearson and Peter Oliver of TOK Commercial facilitated the transaction.
With industrial product in high demand in the Treasure Valley and vacancy consistently at record lows, users are awaiting new construction product to enter the market to meet their demand in 2021.
NXNW Boise, LLC renewed their industrial space in Westpark Corp Campus, located at 9933 W. Emerald Street in Boise. Patrick Shalz and Chris Pearson of TOK Commercial facilitated the transaction.
Prodigy Hardwood, LLC renewed their 2,072 square feet of industrial space located at 2885 S. Cole Rd. in Boise. Gavin Phillips of TOK Commercial facilitated the transaction.
TOK Commercial is now offering an excellent industrial flex property for sale, located in Pocatello at the corner of S. 2nd Avenue and Carter Street.
The Magic Valley is home to a variety of leading manufacturing and agricultural corporations, including Chobani, Clif Bar, Jayco, Glanbia, Conagra, and more. It serves as a primary corridor for manufacturing and distribution between Northern and Southern Idaho. However, there has been a lack of leasable large-scale industrial inventory in the area impeding the ability for growth and expansion.
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.
ABEL Corporation USA leased 11,250 square feet of industrial space in Airport Distribution Center, located at 1049-1077 Boeing Street in Boise. Mike Greene, Peter Oliver, Dan Minnaert, and Devin Pierce of TOK Commercial facilitated the transaction.
A+ Drain Cleaning & Plumbing leased 5,081 square feet of industrial space in the Sundance Industrial Warehouse, located at 2603 Sundance Road in Nampa. Chris Pearson of TOK Commercial facilitated the transaction.