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Industry Experts

Montana CRE 2023: Expert Projections on What’s Next (and Should You Worry?)

Predictions for Montana CRE in 2023 + Development Notes In 2023, Montana CRE investors, owners, tenants, and developers are seeking answers after a volatile year. As we look ahead, here are trends we predict will shape the commercial real estate market in Montana. Knowing what’s next can help guide smart decisions about your next Montana …

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E-Commerce Giant Amazon Lands in Missoula, Montana

The SterlingCRE Advisors team was thrilled to work with Amazon to secure their first Montana facility in Missoula. We’ve gotten one question a lot. Why wasn’t it announced that this was going to be an Amazon warehouse early on, during the permitting process?  It’s a good question, with a short answer. During permitting, Amazon wasn’t …

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Spec Build Strategy Shifts

Matt Mellott, CCIM/SIOR The Society of Industrial and Office Realtors, a global commercial real estate industry credentialing association, hosted its annual conference in late Fall 2022. Matt Mellott attended, with one looming takeaway with considerable implications for industrial development across Montana and the rest of the country.   Industry experts warned that bank financing for speculative …

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Montana CRE Markets Shift with Interest Rate Changes

While Montana’s heated CRE and residential markets pause to recalibrate in the wake of rising interest rates, the SterlingCRE Advisors team carefully tracks a key metric for commercial properties: days on market. Comparable properties trading even in the last three months might not set accurate expectations when it comes to the time it will take …

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What’s Up with Interest Rates? (And what does that mean for builders?)

One of the biggest factors in housing affordability is mortgage interest rates. Mortgage rates increased from 3.11% at the end of 2021 to 5.25% as of May 2022. The last time interest rates were this high was in 2009. A substantial interest rate increase has a significant impact on how much a family or individual …

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Montana Development: Butte, Billings, & Kalispell

What’s up with Butte and Billings development in Montana? Check out what’s new! As 2021 comes to a close, we’re taking a look back at Montana’s big development news. Here are some of the major commercial projects from across the state this year. While Missoula and Bozeman have long been hubs for commercial investment, we’re …

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