Montana Self Storage Market Update | Q4 2020

Montana Self-Storage Market Update Review  Claire Matten | Advisor | CCIM | Sterling CRE Advisors  Market Overview Dropping interest rates Compressed cap rates Low vacancy Spiking demand Higher values  Around The State In Missoula, limited footprint space and delayed construction have driven apartment vacancy to 1%. For some, property taxes are pushing some folks to […]

Grey Shell, White Shell, Warm Shell, Cool Shell

Grey Shell or White Shell? Warm Shell or Cool Shell? When looking for a commercial space to lease or buy, you’re likely to run across the term “shell.” In particular, commercial listings might include the term “cold, grey shell” or “warm, white shell.”  What does that mean? Shell terminology makes sense, as these facilities might […]

TEDD: How Does That Work?

TEDDs, or targeted economic development districts, are areas where tax incentives are available to developers. Often, TEDDs are in an area that’s ripe for development but lacks key infrastructure like roads. And with one single mile of roadway coming in at two to five million dollars to construct, those costs keep developers from investing in […]

Ghost Kitchens in Montana

Ghost Kitchens: Not That Spooky, We Promise Happy Halloween Montana! On this edition of How Does That Work, we’re covering ghost kitchens – don’t worry, it’s not as spooky as it sounds. Before COVID-19 hit, Montanans loved to eat out. In fact, on average, residents spent almost three thousand dollars each on dining out every […]

COVID and Construction Costs

How is COVID-19 impacting construction costs across Montana? By Nick Chaussee Like many small metro housing markets, Montana’s major cities are seeing home prices shoot up. But it’s not just the departure from coastal areas causing housing prices to soar. Rising construction costs are increasing prices across the country.   According to the National Association […]

Market Report: Missoula Commercial Office

As of April first this year, eleven commercial office transactions had been completed in Missoula County. Since a typical year sees about 30 total office building deals, 2020 looked to be a normal – and perhaps even busy – year for the office market.  Even as 2020 looked to be a busy year, the majority […]

Is Time Up for the 1031 Exchange?

‘Tis the season for political mudslinging. While we try to stay above the fray, one policy point did catch our attention: is Joe Biden planning to do away with the 1031 exchange?  We’ve heard this claim before. As recently as 2017, House Republicans had the 1031 exchange in the crosshairs of tax reform legislation. In […]

Read Up On: Commercial Leasing

Ready to lease a commercial space for your business? Looking to lease out your building? We want to help you build a foundation of knowledge about commercial real estate investment.  That’s why we’re defining more common real estate terms. Send us your questions – we’re here to demystify the world of commercial real estate.  When […]

Montana MEDIA Act: How Does That Work?

The MEDIA Act: Blank Check? Not Quite.  Claire Matten shares how the MEDIA Act works. In the last 18 months, the film industry boosted Montana’s economy – to the tune of forty-seven million dollars. And looking ahead, the Yellowstone Film Ranch near Livingston is gearing up to host a projected three to four major motion […]

TIF Gets Taken to Task: How Does That Work?

There have been a lot of changes at the Southgate Mall in Missoula over the past few years. A dine-in movie theater and a newly connected street were recent additions to the area. But this project got pushback shortly after these completion because of a TIF-related public opposition. In the final part of our series […]