Industrial (Dani Kramer) - 2010 Kootenai County Market Forum

8/9/2019 Industrial (Dani Kramer) - 2010 Kootenai County Market Forum

http://slidepdf.com/reader/full/industrial-dani-kramer-2010-kootenai-county-market-forum 1/22

n u x-

Dani Kramer, CCIM



Manufacturing Employment

Job Sector Employment Effect on Economy

Personal & Service 0 0

J o b s

r E v e r y

c t o r

‐ F

o

J

o b

S

Additional Jobs CreatedSource: Alliance for American Manufacturing



Industrial Development

2009 Construction Costs

• All Construction Materials 2009 – Down 6%

• Lumber Materials – Down 6%• Structural Steel Products – Down 9%

• Concrete Materials – Up 1%

• um num ee – own

Speculative construction in Kootenai County was

virtuall non-existent in 2009

Source: US Department of Labor, Producer Price Index, Contributed By: BNi® Building News



Local Industrial Owner/User Development




3-V Plumbing

EXPO Commerce Park

Starwest Satellite

at Post Falls




Parkwood Business Properties

• Developed for AIS

• 54,000 SF




Western States CAT

• Opened in July 2009

• Facility size of 55,765 SF• oom or u ure expans on

• Environmentally efficient




Warren K Industrial Park, Hayden

ar ssa .

Highway 95




Examples ~ ½ Owner Occupied and ½ for Lease

3,000 SF for Lease, Innovation Way

at EXPO in Post Falls

2,750 SF for Lease,



Industrial Market – Kootenai Vacancy Report

2000000 3.2%

1500000

l e

S F

1000000

t U s a Vacant

SF

Net Usable SF

.

7.1%

9.6%

500000 N

0



Industrial Market – Kootenai Vacancy Report



2009 Industrial Market Rents

City Change from 2008Rental Rate Averate

Newer Older

Post Falls 0.40‐

0.50 0.30‐

0.40

Coeur d'Alene $0.35 ‐ $0.45 $0.35 ‐ $0.45

Hayden $0.35 ‐ $0.45 $0.28 ‐ $0.35

• All rates quoted monthly• Modified Gross = Landlord pays for property taxes and building

fire insurance. The Tenant typically pays for all other operating

.



2009 Industrial Sales

674 N Pleasantview Rd, Post Falls

• 5,200 SF

4381 W Seltice Way, Post Falls

• 10,791 SF• 2.78 Acres

• Sold for $475,000

• 5 Acres

• Sold for $850,000




,

• 4,800 SF

• 0.58 Acres

• Sold for $350,000




11522 N Carissa Ct, Hayden

• 4,800 SF

11496 N Carissa Ct, Hayden

• 4,800 SF• 0.59 Acres

• Sold for undisclosed price

• . cres

• Sold for undisclosed price



Looking Forward to 2010 - Industrial Market

•Solid Activity in 2010

•Lower rental rates

decrease heading into 4Qt

•Increase in the number of

industrial properties for sale

•Great opportunity for

Tenants lookin to own



Thank YouFor Slides• Email [email protected]• s www.c csr.com

Industrial (Dani Kramer) - 2010 Kootenai County Market Forum

Documents

Transcript of Industrial (Dani Kramer) - 2010 Kootenai County Market Forum