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.  

The retail industry saw the largest impact from COVID-19, but in the Boise MSA that impact is still only minimal thus far.

Net absorption decreased in Q2 but still ended the quarter in positive territory (131,000 square feet), compared to negative absorption (-320,000 square feet) a year ago.

Although retail vacancy has seen a slight up-tick since Idaho’s economic shutdown, Total Vacancy (8.4%) in the Boise MSA is still lower than it was this time last year and Unanchored Vacancy (7.23%) is just slightly above the 20-year record low of 6.2% reached this March.

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.

The past month brought a glimmer of hope for Idaho retailers moving forward.  May 1^st 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 16^th – allowing for another wave of business owners to open –including dine-in restaurants, salons, and fitness centers.  Stage 3 began last week, on May 30^th, 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.