Idaho Falls offers a lot of potential due to its current and expected growth:
- According to Inman Research, Idaho Falls is on the “top ten” list of small towns expecting rapid growth over the next 10 years.
- 50+ new multi-family units are under construction.
- Melaleuca is constructing a new 350,000 square foot facility plus a 6,000 acre commercial/industrial business park for future growth.
- A large manufacturing business is expanding into Ucon.
- Manufacturing jobs fuel growth due to the fact that whenever a manufacturing job is created there is a need for additional service jobs, housing, and retail.
- Vacancy rates for the area are consistently low compared to the national average.
- Value indicators in the Idaho Falls market based on 19 sales in 2012 are as follow: GRM ~ 7.7; Cap Rate ~ 8.0; Price/unit ~ $50,300; and Price/SF ~ $57.00. REO sales are down 80% for multifamily in 2012 vs 2011.
Thank you again for another” feel good, uplifting, that there are good people in this world story”. We read so many stories that are negavite about people and what they do to others. A random act of kindness is always such a great thing to hear about. Peace and blessings.
ReplyDeleteproperty management company idaho falls
Hi Friend
ReplyDeleteI have read your post Great service and i appreciate it for sharing them. We are giving you offers a wide variety of rentals in idaho falls.
Thanks for the sharing of such information. we will pass it on to our readers. This is a great reading. Thanking you.
ReplyDeleteRentals in idaho falls