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 …
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 …
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 …
Does Research Reveal Relief for Renters in Missoula? Read More »
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 …
Rise Of The Bozeman Industrial Market: Key Trends And Insights Read More »
Casey Rose, CCIM Hammers, nails, and engineered wood flooring have been flying at new apartment communities across Bozeman in 2023. Fast and furious construction is bringing needed new housing to market. This is good news for Bozeman’s tenants who have seen limited options and rising rents through 2021 and 2022. Vacancy Rate As we near …
Bozeman’s Boom-tastic Bonanza: Apartments Fly Up Across the City Read More »
Missoula Industrial 2023 Montana industrial product continues to hold a position in the spotlight – with Missoula industrial product showing gains. The tremendous growth in e-commerce has been the primary driver of the push on industrial product, as e-commerce propelled major warehouse and distribution expansion across the nation – including Montana. E-commerce currently accounts for …
Missoula’s multifamily market entered 2023 with a vacancy rate of 2.91%. Vacancy rates have edged up through 2022, rising almost a full percent in the fourth quarter. Most available units are located in the Mullan and Reserve submarket, where most of Missoula’s new housing construction is ongoing. The average Missoula apartment asking rent is $1,333.90 …
Will Missoula Renters Catch a Break? Apartment Vacancy on the Rise Read More »
Bozeman multifamily vacancy has seen an increase in vacancy rates, according to a report from the Sterling Commercial Real Estate Advisors research team. In the fourth quarter of 2022, the multifamily vacancy rate in Bozeman rose to 4.06%, double the rate from the same period the previous year. As a result of the increase in …
Housing Construction Picks Up Speed in Missoula The Q3 2021 Missoula multifamily market survey identified an uptick in multifamily construction and permitting. What’s more, local news sources verify that Missoula housing construction has made big strides across the county. As of Q3, 1,145 building permits had been issued in 2021. This represents an increase of …
Missoula Apartment Vacancy Rate for 2021 As the vacancy rate continued to drop in Missoula in 2021, we checked back in with the midyear report on multifamily properties. The vacancy rate for apartments came in at 0.38%. At under one percent, Missoula is far from a healthy apartment vacancy rate of closer to four to five …
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