Market Reports & Articles

Big Changes in Bozeman’s Housing Market

Maggie Collister | Sterling Advisory Services 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 …

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Does Research Reveal Relief for Renters in Missoula?

Sara Townsley From the Research Desk Sara Townsley is SterlingCRE’s Research Director. She is tasked with keeping an eagle eye on the market. Often the first to know about transactions, new developments and market trends, Sara keeps our team well-informed. Now she is here to keep you informed, “From the Research Desk” covers the latest …

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5 Reasons RV & Boat Storage is Heating Up

Claire Matten, CCIM/SIOR 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 …

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How To Correctly Measure Your Commercial Space

Connor McMahon 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 …

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Rise Of The Bozeman Industrial Market: Key Trends And Insights

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 …

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Farmland to Flats | Housing Changes Across Montana

Maggie Collister | Sterling Advisory Services 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 …

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Distressed Assets: Can You Uncover A Great Deal?

Ryan Springer, CCIM 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 …

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Raising Rents? Three Tips to Keep Industrial Tenants Happy

Jessica Morina | SterlingCMG 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 …

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1031 Alternatives | 5 Reasons to Invest in DST’s

Claire Matten, CCIM/SIOR Capital market volatility and rising interest rates paired with unchanged seller pricing expectations from the 2021 era (when the cost of capital was much lower) is making it challenging for exchange buyers to locate quality “like kind” properties for their investment upleg. One option to include in your identification process could be …

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