Office properties in Eastern and Southern Idaho saw a relatively stable fourth quarter in 2020. While asking rates fluctuated, this is in part due to few spaces being on the market.
Idaho Falls based Idahoan Foods hired 100 new employees earlier this year following significant sales growth, and is now looking to bring on another 70 workers.
The Magic Valley may see its recognition as a hub for food production grow. The Region IV Development Association is partnering with Chobani, Dairy West, and other Magic Valley food organizations to conduct a study on the feasibility of making a food innovation center and business incubator in Southern Idaho. This would assist new business entering the food production market and lead to new industrial developments down the road, strengthening the food industry as an industrial powerhouse of Southern Idaho.