New Plymouth, Idaho: A Premier Destination for Commercial Real Estate

Introduction

New Plymouth, Idaho, is an emerging hub for commercial real estate (CRE), offering a unique blend of economic stability and growth opportunities. While it is a smaller city, its strategic location in southwestern Idaho positions it as a key area for industries such as agriculture, manufacturing, and logistics. New Plymouth's proximity to larger markets and its supportive local government make it an attractive destination for CRE investments.

Economic and Industry Overview

New Plymouth's economy is primarily driven by agriculture and manufacturing. The fertile land and favorable climate support a robust agricultural sector, which in turn fuels demand for industrial properties for processing and distribution. The city's commitment to economic development is evident through initiatives that encourage business growth and attract new industries.

• Agriculture and Manufacturing: These industries are the backbone of New Plymouth's economy, driving demand for industrial and flex spaces.
• Economic Development Initiatives: Supported by local government, these initiatives aim to attract diverse industries and enhance CRE opportunities.

Strategic Location and Transportation Infrastructure

New Plymouth benefits from its strategic location and excellent transportation infrastructure, making it ideal for distribution and logistics.

• Highways: Interstate 84 provides direct access to major markets in the northwest.
• Airports: Boise Airport, approximately 40 miles away, offers national and international connectivity.
• Rail Lines: Rail infrastructure supports freight movement, enhancing logistical advantages.

Explore more on the Idaho Department of Transportation website.

Commercial Real Estate Inventory & Zoning

The city's commercial real estate landscape is characterized by diverse submarkets and asset classes.

• Submarkets: Key areas include the Central Business District (CBD) and industrial corridors.
• Asset Classes: Industrial, retail, and office spaces are predominant, with opportunities for medical and multifamily developments.
• Zoning and Incentives: Recent zoning changes and incentives aim to attract developers and investors.

Access the New Plymouth Zoning Map for more information.

Major Employers and Institutions

The presence of major employers and institutions significantly influences CRE demand in New Plymouth.

• Top Employers: Key players in agriculture and manufacturing sectors.
• Institutions: Local government centers support economic stability.
• Corporate HQs: While limited, there is potential for growth in corporate headquarters and research centers.

Visit the New Plymouth Economic Development site for a comprehensive business directory.

Notable Commercial Developments & Projects

Several large-scale developments contribute to New Plymouth's growing CRE market.

• Mixed-Use Projects: These developments combine retail, office, and residential spaces.
• Opportunity Zones: Investment incentives in designated areas attract development and redevelopment.

Learn more about ongoing projects at the New Plymouth Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, New Plymouth provides a range of resources to facilitate projects.

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Public data sets and economic reports provide valuable insights into New Plymouth's CRE market.

• Data Sources: Utilize resources like Census.gov and the city's open data portal.
• Brevitas Insights: Our AI-powered aggregation from public data ensures accurate and timely market insights.

Explore Brevitas-powered dashboards for New Plymouth here.

Why Use Brevitas for New Plymouth, Idaho CRE?

Brevitas is at the forefront of AI-driven CRE discovery, providing essential tools for investors and brokers in New Plymouth.

• AI-Driven Discovery: Access real-time market alerts and intelligent property pages.
• Dealroom Collaboration: Enhance collaboration with brokers and developers.
• Exclusive Listings: Benefit from premium exposure and exclusive listings.

Leverage Brevitas' innovative features, including auto-generated listing pages and email marketing tools, to maximize your investment potential in New Plymouth, Idaho.