Recently Sold | Industrial Warehouse | Nampa, Idaho

Nampa, Idaho – October 2023– Lee & Associates Idaho, LLC has facilitated the sale of a 5,000 SF industrial warehouse located at 3462 N. Black Butte Ct., Nampa, ID 83687. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national, and international basis.

Trey Thomas, Principal, and Chase Erkins, Principal, at Lee & Associates Idaho, LLC represented the buyer, Miller7, LLC.

Recently Leased | Retail Building | Garden City

Garden City, Idaho – September 2023– Lee & Associates Idaho, LLC has facilitated the lease of a 1,746 SF retail building at 4299 W. Chinden Blvd., Garden City, ID 83714. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national, and international basis.

Chase Erkins, Principal, and Trey Thomas, Principal, at Lee & Associates Idaho, LLC represented the landlord, Chinden at 43rd LLC, and the tenant, William Groebler.

Q2 2023 Economic Reports

GDP GROWTH: TRENDING IN Q2 2023

The Commerce Department said the U.S. economy grew at a 2.4% annual rate in the second quarter, an increase from the 2% gain in Q1, defying both expectations and attempts by the Federal Reserve to slow it down to curb inflation.

Economists are now scaling back their prediction that national output will be pushed into a recession this year due to recent interest rate hikes by the Federal Reserve to reduce inflation. The central bank has raised the benchmark rate 11 times since last year. A unanimous decision by the Federal Open Market Committee in late July raised the benchmark rate to a range of 5.25% to 5.5%, a 22-year high.

Meanwhile, inflation was held in check in the second quarter. The personal consumption expenditures price index gained 2.6%, down from a 4.1% first-quarter rise and well below the Dow Jones estimate for a gain of 3.2%. “It’s great to have another quarter of positive GDP growth in tandem with a consistently slowing inflation rate,’’ said Steve Rick, chief economist at TruStage. “Consumers are getting a reprieve from the rising costs of core goods, and the U.S. economy is off to a stronger start to the first half of the year.”

Recently Sold | Office/Flex Condo | Eagle, Idaho

Eagle, Idaho – July 2023– Lee & Associates Idaho, LLC has facilitated the sale of a 3,404 SF office/flex condo located at 1488 E. Iron Eagle Dr. Unit F, Eagle, ID 83616. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national and international basis.

Chase Erkins, Principal, and Trey Thomas, Principal, at Lee & Associates Idaho, LLC represented the seller, Zompers Property LLC.

Recently Leased | Industrial Space | Meridian, Idaho

Meridian, Idaho – June 2023– Lee & Associates Idaho, LLC has facilitated the lease of a 14,850 SF industrial space, located at, 200 N. Baltic Pl., Meridian, ID 83642. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national and international basis.

Chase Erkins, Principal, and Trey Thomas, Principal, at Lee & Associates Idaho, LLC represented the landlord, KCRD LLC.