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 »
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 »
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 the end
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 Industrial 2023 Trends Read More »
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
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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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How Can Missoula Get More Housing in Development? Our most recent point in time survey shows an apartment vacancy rate of .38% in Missoula. Not only is housing hard to come by, it’s expensive – not just to buy or rent, but expensive to build. But there are solutions to the housing development conundrum in
Bulking Up the Missoula Housing Development Pipeline Read More »
Missoula Apartment Market Update [download_after_email id=”1768″] Missoula’s apartment vacancy rate has dropped to a low of .95% in a survey of multifamily housing. The survey was conducted by Sterling Commercial Real Estate Advisors (Sterling CRE). The survey captured a snapshot of the market in December 2020. Looking at 2020 survey data, apartment vacancy sat at
Missoula Apartment Market Outlook | Q4 2020 Read More »
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
Market Report: Missoula Commercial Office Read More »
Research Confirms Missoula Apartment Vacancy Woes A survey of over 5,600 market rate apartment units in Missoula found a vacancy rate of 1.2%. The survey also found increasing rents and no incentives. “Last year at this same time, the vacancy rate was 3.3%,” said Matt Mellott of Sterling CRE Advisors. “Everyone in the rental market
Missoula Apartment Vacancy Report | Q3 2020 Read More »
