Market Reports & Articles

Maximizing Tax Benefits: Comparing 1031 Exchanges and Opportunity Zones in Montana

Matt Mellott | CCIM, SIOR Contact Matt How Investors Can Use Opportunity Zones and 1031 Exchanges to Their Advantage Which one works best for your particular situation? In the past few years, much has been discussed about the potential opportunities for investors through Opportunity Zones, especially in cities like Missoula, Kalispell, Bozeman, and other locations

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Understanding Infrastructure’s Impact on Commercial Land Values

Matt Mellott | CCIM, SIOR Contact Matt Montana commercial land prices show significant variation, ranging from $10,000 to over $4.5million per acre in the first half of 2023. Many factors influence these prices, including locationand parcel size. A key factor in determining land prices is the availability of infrastructure. What is Infrastructure?Infrastructure encompasses facilities and

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SterlingCRE Weighs In: Fed’s Interest Rate Shift

Maggie Collister Contact Maggie In 2023, the Sterling brokerage team remained actively engaged in leasing, land sales, and catering to owner-occupier sales. The steady flow of transactions throughout the year was sustained by Montana’s robust economic prospects.   However, investment activity experienced a decline due to increased borrowing costs, making investments more challenging. Sellers, buoyed

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Local Shops Make Holidays Shine

Maggie Collister Contact Maggie According to a recent informal poll conducted by the Sterling team, downtown small businesses are the preferred Christmas shopping destination among our friends in Montana.   This preference isn’t surprising, as downtown areas, whether big or small, throughout the Big Sky state go all out to transform holiday shopping into a

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What’s Up With The Bozeman Boom?

Maggie Collister Contact Maggie Bozeman’s base economic sectors are pivotal drivers of its growth, shaping its prosperity. Industries constituting the core economy bring external revenue into the local community. This fosters the growth of other businesses within the region. In a previous blog post, we looked at the importance of understanding a community’s economic dynamics

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New Homes Spell Relief for Missoula Renters

Maggie Collister Contact Maggie With multifamily construction in full swing throughout 2023, the Missoula multifamily market has finally reached a state of equilibrium. In Q4 2023, the vacancy rate for market-rate rentals nearly doubled, rising to 6.13% compared to 3.37% in Q3. This change is welcomed by renters as it provides more choices.   The

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Can You Use Your Short Term Rental for a 1031 Exchange?

Maggie Collister Contact Maggie If you own a short-term rental property in Montana, you might be aware of recent discussions regarding the prohibition of certain types of short term rentals (STRs) in residential neighborhoods of Bozeman. Similar regulations are being considered in Missoula too.   The issue will involve an interpretation of the zoning code,

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Risky Business | 3 Options To Make A Property Use Legal

Maggie Collister Contact Maggie You’ve found an ideal property – the right location, the perfect building, and even a warehouse for storage, all within your budget. But there’s a snag: your broker informs you that your business isn’t permitted under the current zoning. In a less competitive market, you’d simply look for another property. However,

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Make Your Self-Storage Website Work

Maggie Collister Contact Maggie Most self-storage customers will never interact with a person during the process of finding a storage facility, renting a space, and paying the bill. Digital technology has made the process more convenient for everyone. However, this makes your website your head salesperson.   Here are some tips to put your website

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