Pop-Up Retail in Montana: Trend or Here to Stay?

Pop-up retail is gaining popularity around Montana, largely in single serve events. While more metropolitan markets host a number of spaces exclusively for short and longer-term pop-up use, it seems that many landlords tend to prefer the stability of an established tenant.  But the $10 billion dollar pop-up industry is making more inroads in the […]

Trader Joe’s | Missoula Is Calling (Again)

Trader Joe’s, Missoula is calling (again).  In partnership with the Missoula Midtown Association, Sterling CRE hosted November’s Midtown Mixer. And while another Zoom call might sound boring, the Midtown business community had some fun ideas for expanding the growing district. Midtown professionals answered the following questions:  What retail, restaurant or other business would you like […]

TEDDs In Montana: How Does That Work?

Targeted Economic Development Districts or TEDDs In Montana. What do Shelby, Lockwood and Missoula all have in common? Besides some pretty nice views, all three host TEDDs. TEDD stands for Targeted Economic Development Districts. TEDDs in Montana can create jobs, reduce crime, and increase tax revenue for a community. That means better schools and more […]

Montana Self Storage Market Update | Q4 2020

Montana Self-Storage Market Update Review  Claire Matten | Advisor | CCIM | Sterling CRE Advisors  Market Overview Dropping interest rates Compressed cap rates Low vacancy Spiking demand Higher values  Around The State In Missoula, limited footprint space and delayed construction have driven apartment vacancy to 1%. For some, property taxes are pushing some folks to […]

Grey Shell, White Shell, Warm Shell, Cool Shell

Grey Shell or White Shell? Warm Shell or Cool Shell? When looking for a commercial space to lease or buy, you’re likely to run across the term “shell.” In particular, commercial listings might include the term “cold, grey shell” or “warm, white shell.”  What does that mean? Shell terminology makes sense, as these facilities might […]

TEDD: How Does That Work?

TEDDs, or targeted economic development districts, are areas where tax incentives are available to developers. Often, TEDDs are in an area that’s ripe for development but lacks key infrastructure like roads. And with one single mile of roadway coming in at two to five million dollars to construct, those costs keep developers from investing in […]

Ghost Kitchens in Montana

Ghost Kitchens: Not That Spooky, We Promise Happy Halloween Montana! On this edition of How Does That Work, we’re covering ghost kitchens – don’t worry, it’s not as spooky as it sounds. Before COVID-19 hit, Montanans loved to eat out. In fact, on average, residents spent almost three thousand dollars each on dining out every […]

COVID and Construction Costs

How is COVID-19 impacting construction costs across Montana? By Nick Chaussee Like many small metro housing markets, Montana’s major cities are seeing home prices shoot up. But it’s not just the departure from coastal areas causing housing prices to soar. Rising construction costs are increasing prices across the country.   According to the National Association […]

Market Report: Missoula Commercial Office

As of April first this year, eleven commercial office transactions had been completed in Missoula County. Since a typical year sees about 30 total office building deals, 2020 looked to be a normal – and perhaps even busy – year for the office market.  Even as 2020 looked to be a busy year, the majority […]

Is Time Up for the 1031 Exchange?

‘Tis the season for political mudslinging. While we try to stay above the fray, one policy point did catch our attention: is Joe Biden planning to do away with the 1031 exchange?  We’ve heard this claim before. As recently as 2017, House Republicans had the 1031 exchange in the crosshairs of tax reform legislation. In […]