Ind strial/Fle Tech

Industrial/Flex-Tech
Dani Kramer, CCIM
 Manufacturing Employment
Manufacturing Employment
State of Idaho vs. Boise MSA

63,000

53,000
of Jobs

43,000
Number o

33,000 Boise MSA Mfg. Jobs
Idaho Statewide Mfg. Jobs

23 000
23,000

13,000

3,000
2003 2004 2005 2006 2007 2008 2009 Jan‐10
Year

Source: http://lmi.idaho.gov/Employment/NonfarmJobsCES/tabid/760/Default.aspx
 Manufacturing Employment
Manufacturing Employment
CDA MSA
4,800

4,600

4,400
Number off Jobs

4,200
CDA MSA

4,000

3,800

3,600
2003 2004 2005 2006 2007 2008 2009
Year

Source: http://lmi.idaho.gov/Employment/NonfarmJobsCES/tabid/760/Default.aspx
 Manufacturing Employment
Manufacturing Insight
• American manufacturers are responsible for 2/3 of research and
development investment in the United States; nearly 80 percent of all
patents filed come from the manufacturing sector

• American manufacturers are the leading buyers of new technology

in the United States.

• American manufacturing directly employs 14 million Americans

and creates 8 million additional jobs in other sectors.

• American manufacturing is the largest single contributor the U.S.

economy.
Source: Alliance for American Manufacturing
 Manufacturing Employment
Job Sector Employment Effect on Economy
100 Jobs

Personal & Service
ector ‐ For Every 1

Retail

Industrial/Manufacturing
Job Se

0 100 200 300 400 500

Additional Jobs Created
Source: 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%
• Aluminum
Al i Sheet
Sh t – Down
D 17%

Speculative construction in Kootenai County was

virtuallyy non-existent in 2009

Source: US Department of Labor, Producer Price Index, Contributed By: BNi® Building News
Local Industrial Owner/User Development
Local Industrial Owner/User Development
Local Industrial Owner/User Development
Local Industrial Owner/User Development

3-V Plumbing

EXPO
O Co
Commerce
e ce Park
a
at Post Falls
Starwest Satellite
Local Industrial Owner/User Development

Parkwood Business Properties

• Developed for AIS
• 54,000 SF
Local Industrial Owner/User Development
Western States CAT
• Opened in July 2009
• Facility size of 55,765 SF
• Room
R for
f future
f t expansion
i
• Environmentally efficient
building design
Local Industrial Owner/User Development
Warren K Industrial Park, Hayden

C i
Carissa Ct
Ct.

Highway 95
Local Industrial Owner/User Development
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

Seltice Way,
Way Post Falls
 Industrial Market – Kootenai Vacancy Report

2000000
3.2%

1500000
ble SF

10 2%
10.2%
Neet Usab

1000000 9.6% Vacant SF

7.1% Net Usable SF
500000

0
Industrial Market – Kootenai Vacancy Report
 2009 Industrial Market Rents

City Rental Rate Averate Change from 2008

Newer Older
ld

Post Falls
Post Falls $0.40 ‐ $0.50
$0.40  $0.50 $0.30 ‐ $0.40
$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
expenses.
expenses
 2009 Industrial Sales

4381 W Seltice Way, Post Falls 674 N Pleasantview Rd, Post Falls
• 10,791 SF • 5,200 SF
• 5 Acres
A • 2.78 Acres
• Sold for $850,000 • Sold for $475,000
2009 Industrial Sales

11680 Tracey Road,

Road Hayden
• 4,800 SF
• 0.58 Acres
• Sold for $350,000
 2009 Industrial Sales

11496 N Carissa Ct, Hayden 11522 N Carissa Ct, Hayden

• 4,800 SF • 4,800 SF
• 0.59
0 59 Acres
A • 0.59
0 59 Acres
A
• Sold for undisclosed price • Sold for undisclosed price
Looking Forward to 2010 - Industrial Market
•Solid Activity in 2010
•Lower rental rates
•Vacancy should begin to
decrease heading into 4Qt
2010
•Increase in the number of
industrial properties for sale

•Great opportunity for

Tenants lookingg to own
Thank You
For Slides
• Email dani@ccim.net
• Visit
Vi it www.cbcsr.com
b