Twin Falls, Idaho
Jackson - Giltner Property
MANUFACTURING - The Magic Valley has numerous M1 and M2 zoned locations with parcel sizes ranging from 1 acre to 100 acres. Many of the parcels have excellent access and/or visibility to Interstate 84, the main east/west highway in Southern Idaho. Prices for M1 and M2 zoned parcels range from $1.25 to $2.50 per square foot.
OFFICE - The area offers a number of existing buildings and new project opportunities. Older buildings which typically include second and third generation space range from $12.00 to $15.00 per square foot annually. Newer projects and those under construction have annual rental rates around $18.00 to $22.00 per square foot, triple net. For those businesses interested in space with state-of-the-art communications, there are a few new projects underway to meet such specific needs.
While Southern Idaho's growth and attractiveness has spurred the housing market, home prices and rental rates remain at or slightly below te national average. Recent data indicates the average home price (October 2014) in the Magic Valley to be about $208,198 which was a 5.4% or $10,583 increase over the same period from the year prior. For a new home construction, the average is between $160,000 and $185,000. In general, the price per square foot for newly constructed homes currently on the market ranges from $115.00 to $125.00.
The area provides for many options, including city subdivisions, mature areas, country acreages, and very unique settings such as the Snake River Canyon, South Hills, and numerous gold course locations as well.