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 festive and enjoyable experience. […]
Local Shops Make Holidays Shine Read More »
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 before making real estate
What’s Up With The Bozeman Boom? Read More »
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, likely leading to legal
Can You Use Your Short Term Rental for a 1031 Exchange? Read More »
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, in a tight market,
Risky Business | 3 Options To Make A Property Use Legal Read More »
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 to work as an
Make Your Self-Storage Website Work Read More »
When it comes to developing and investing in commercial real estate, having the ability to predict the future would be a tremendous advantage. Unfortunately, the crystal ball we acquired from Amazon.com doesn’t cover Montana’s commercial real estate market. The fundamental factor influencing the value of commercial real estate is the equilibrium of supply and
Don’t Go Bust in a Boomtown Read More »
Finding a new location for your business can be an exciting proposition. Like buying a house, you’ll discuss your needs with a skilled broker. You will tour buildings, laugh at bad paint and carpet, pick up some design ideas, and hone in on the best location. You will put in a competitive offer, and *boom*
Five Things Your Broker Wants You to Know | Finding Space Read More »
“You name the price, but I’ll name the terms.” It wasn’t long ago that developers would snap up land on short escrows, with a 60-90 day due diligence, and close before they had approvals in hand. From 2020 through 2022, hot markets like Missoula, Bozeman, and Kalispell, Montana had manic levels of demand for developable
4 Ways to Keep Land Deals From Dying Read More »
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 renter’s market. Vacancy The vacancy
Big Changes in Bozeman’s Housing Market Read More »
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 the household
5 Reasons RV & Boat Storage is Heating Up Read More »
