“You name the price, but I’ll name the terms.” It wasn’t long ago that developers would snap up land on short escrows, with a 60-90 day due diligence, and close before they had approvals in hand. From 2020 through 2022, hot markets like Missoula, Bozeman, and Kalispell, Montana had manic levels of demand for developable […]
4 Ways to Keep Land Deals From Dying Read More »
Bozeman’s multifamily vacancy rate inched its way over 7% in the 3rd quarter of 2023. Vacancy rates will likely continue to rise as 1,476 units are under construction in the market. Rents are dropping and concessions are picking up, as the market shifts from a landlord’s market to a renter’s market. Vacancy The vacancy
Big Changes in Bozeman’s Housing Market Read More »
You may be worried that the demand for Boat/RV Storage will dwindle as the market cools, but below are a few reasons the boat/RV storage industry remains so bullish on its success moving forward: 1. One out of every 12 vehicle-owning households has an RV or conversion vehicle (If the head of the household
5 Reasons RV & Boat Storage is Heating Up Read More »
One of the first steps in listing a property for lease or sale is determining the true size of the space. So how do you accurately measure a commercial real estate space? This can often be much more complicated than it seems, particularly in a multi-tenant building or in older buildings that have been
How To Correctly Measure Your Commercial Space Read More »
Commercial real estate professionals have access to a lot of data. A piece of data like a vacancy rate or a closing price can be helpful. It’s a nugget of information that can be used to create a bigger picture. Our goal at SterlingCRE is to help our clients make well-informed decisions. Our research team
Three Data Types to Make Profitable Deals Read More »
Bozeman’s industrial market has seen a small bump in vacancy rates, according to a report from the Sterling Commercial Real Estate Advisors research team. In the first half of 2023, the industrial vacancy rate in Bozeman rose to 2.65%. This is a 2.25% rise from the same period the previous year. However, 2.65% is a
Rise Of The Bozeman Industrial Market: Key Trends And Insights Read More »
In an unexpected twist, Montana, renowned for its sprawling ranches, finds itself amidst an apartment boom. Communities across Montana have witnessed a surge, with one in every three permitted housing units in 2023 being an apartment statewide. The trend intensifies in Missoula, where two out of three permitted housing units take on apartment forms.
Farmland to Flats | Housing Changes Across Montana Read More »
Distressed debt investing is a strategy that involves purchasing discounted assets from lenders or property owners. Typically the properties are either foreclosed or in the foreclosure process. There may also be opportunities to acquire discounted properties before they begin the foreclosure process. Why do assets become distressed? Typically, assets become distressed when their cash
Distressed Assets: Can You Uncover A Great Deal? Read More »
Industrial lease rates are rising across Montana. Building owners may be surprised to see what the going rate is for industrial space when it comes time to renew leases. Increasing rents will mean that tenants expect a high level of service for maintenance requests. This means your property management must be on-point with modern communication
Raising Rents? Three Tips to Keep Industrial Tenants Happy Read More »
If you’re like many property owners we know in Montana, you recently received an unpleasant surprise in the form of your increased property tax assessments. You should have received your biennial updated property assessment from the Montana Department of Revenue in the last few weeks. Many property owners felt the shock of increases in
Montana Property Tax Sticker Shock? How to Appeal Read More »
