We heard Montana is ruined! But we’re not so sure… An overheated housing market has some people claiming Montana is ruined. And while the state is Montana is famous for its wide-open spaces, don’t let that fool you. In some of our most popular cities, space is at a premium as these markets experience unprecedented […]
Why is Housing So Expensive in Montana?
In a state with as much land as Montana, you might have thought finding housing would have been easy – but why is it so dang expensive to live here? When will the apartment market become more stable in Montana? What has to give for rents to even out and more units to become […]
How To Calculate Load Factor: Step by Step
How to Calculate Load Factor: Step by Step If you’re paying to rent an office or other space for your business, you probably want to get the most out of every square foot you rent. But wait. Are you paying rent on more square feet than you actually occupy? If your office is only 500 […]
What are CRE Asset Types?
What is commercial real estate and what are asset types in the CRE world? For something that surrounds most of us everyday, there is some confusion about what commercial real estate is, and what commercial real estate advisors mean when we refer to asset classes. Find out more with Claire Matten and Matt Mellott, advisors […]
How is a Commercial Sale Different than a Home Sale?
Is a CRE Deal Really that Different? Working through the process of buying or selling commercial real estate can be daunting. I’m Claire Matten, advisor with Sterling Commercial Real Estate. I’m here with advisor Matt Mellott to provide a high level summary of a commercial real estate sale from end to end. Taking an asset […]
NNN or Triple Net: How Does That Work?
When it comes to your lease, you’ve heard NNN or Triple Net – but what does it mean? You’ve heard it before, or maybe you already know from experience: investing in real estate builds wealth. And while diving into the world of commercial real estate investments may seem unachievable, there are ways to start small […]
TIF Projects in Missoula: An Easy Win?
Among Missoula TIF projects, the Morrison-Maierle building on Mount Avenue is an example of project where funds were used favorably. TIF Projects around Missoula. In part three of Sterling CRE’s series on TIF funding, Matt Mellott focuses on the positives- how TIF funds can be used as part of a good partnership that benefits both […]
Housing Affordability in Missoula | Part 3
Check out our final video on housing affordability in Missoula. In parts one and two, Matt Mellott, CCIM, covered the reasons why affordable housing is a challenge. In part three, Matt explores some of the remedies for the affordable housing conundrum. Creating affordable housing is a complex issue. Every year, it gets a little more […]
Why is Housing Expensive in Missoula? Part 2
Why is housing so expensive in Missoula? Learn more in part 2 of Sterling CRE’s series on affordable housing. We’re answering questions like, what factors drive up housing prices? Matt digs into local data to show the trends guiding Missoula’s housing availability. Matt covers limited land, high building costs for developers, materials, and other factors […]
Why is Housing so Expensive in Missoula?
Affordable housing is a real concern for Missoulians. Missoula, as well as places like Bozeman, have seen housing prices rise precipitously in recent years. In Missoula, the Office of Housing & Community Development reported that a majority of respondents said housing was too expensive in the 2020 Community Needs Assessment. What’s the deal with affordable housing in […]