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 […]
E-Commerce Giant Amazon Lands in Missoula, Montana Read More »
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
Spec Build Strategy Shifts Read More »
Claire Matten, CCIM/SIOR Across Montana, self-storage operators continue to see full facilities. In turn, these facilities have been able to increase rents. Tracked markets showed year-over-year rent growth, an essential indicator of strong demand. Contact the SterlingCRE team to get a copy of Montana’s self-storage report with a statewide rent chart. Though rents are going
Montana Self-Storage Outlook Read More »
How much do self-storage operators charge for a unit in Montana? The answer depends on where you look. As of midyear 2022, a 5×10 non-climate-controlled unit in Missoula runs at $61.91 per month. In Bozeman, that same-size unit is closer to $56 per month. But, no matter where you are, expect prices to continue rising.
Self-Storage Prices in Montana Read More »
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
Montana CRE Markets Shift with Interest Rate Changes Read More »
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
What’s Up with Interest Rates? (And what does that mean for builders?) Read More »
Class A…or Just Classy? You have a nice building – a great building, actually. Lots of parking, good location, a fancy tap that dishes out on-demand cold brew, and credit tenants. Is this class A…or just classy? The term “class A” gets thrown around a lot in Montana commercial real estate. We assume no malice
Montana Class A Space Read More »
Development has taken off on West Broadway in Missoula, Montana. We know that Missoulians love their coffee and Copper Mountain Coffee appears to be ready to capitalize on our shared dependency. The Montana-local coffee company purchased the old Subway building at 1650 West Broadway, so be on the lookout for an opening date. According to
Missoula West Broadway Development Read More »
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
Montana Development: Butte, Billings, & Kalispell Read More »
Is Your AirBnB Creating a Crisis in Missoula? “Anecdotally, many Missoulians believe short-term rentals are eating up what otherwise could serve as housing to those who live and work in the city,” reported the Missoula Current. “Can’t wait to not be able to park and pay more for rent so out of state and local
Is the Missoula AirBnB Stock Creating a Crisis? Read More »
