Local Real Estate Update #1: Commercial Space In North Idaho?

A small town main street at dusk, featuring historic buildings with storefronts. String lights are suspended above the road, which has a few parked cars. Street lamps illuminate the sidewalk, and the sky has a soft blue hue.
North Idaho is still growing, and with that opportunities abound.

The cities of Post Falls and Rathdrum in North Idaho have experienced significant population growth in recent years. According to the U.S. Census Bureau, Post Falls’ population increased from 38,555 in April 2020 to an estimated 44,798 by July 2023, marking a 16.2% growth over this period. census.gov.

Similarly, Rathdrum saw its population rise from 9,099 in 2021 to 9,556 in 2022, reflecting a 5.02% increase in just one year. datausa.io

This rapid growth has led to a heightened demand for commercial and office spaces in both cities. In Post Falls, the commercial real estate market encompasses approximately 170,520 square feet of office space across 12 buildings, along with 253,002 square feet of retail space and 745,475 square feet of industrial property. commercialcafe.com

The influx of new residents has spurred the development of additional commercial infrastructure to meet the needs of the growing population. This includes the construction of new office buildings, retail centers, and industrial facilities, contributing to the economic vitality of the region. The expanding commercial real estate market in these cities reflects the broader trend of growth and development in North Idaho.

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