Maggie Collister Contact Maggie “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 […]
Maggie Collister Contact Maggie 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.
Maggie Collister Contact Maggie Missoula Multifamily Market Overview | Q3 2023 Missoula’s multifamily vacancy rate is inching up, meaning more available units in the market. Going forward, expect to see slow growth in vacancy rates and stable rents. Missoula renters are unlikely to see a significant drop in rent, though incentives such as $100 to
Maggie Collister Contact Maggie 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
Maggie Collister Contact Maggie One of the first steps in listing a property for lease or sale is determining the true size of the space. So how do you accurately measure a commercial real estate space? This can often be much more complicated than it seems, particularly in a multi-tenant building or in older
Maggie Collister Contact Maggie Commercial real estate professionals have access to a lot of data. A piece of data like a vacancy rate or a closing price can be helpful. It’s a nugget of information that can be used to create a bigger picture. Our goal at SterlingCRE is to help our clients make well-informed
Maggie Collister Contact Maggie 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.
Maggie Collister Contact Maggie In an unexpected twist, Montana, renowned for its sprawling ranches, finds itself amidst an apartment boom. Communities across Montana have witnessed a surge, with one in every three permitted housing units in 2023 being an apartment statewide. The trend intensifies in Missoula, where two out of three permitted housing units
Maggie Collister Contact Maggie Distressed debt investing is a strategy that involves purchasing discounted assets from lenders or property owners. Typically the properties are either foreclosed or in the foreclosure process. There may also be opportunities to acquire discounted properties before they begin the foreclosure process. Why do assets become distressed? Typically, assets become
Claire Matten Contact Claire Capital market volatility and rising interest rates paired with unchanged seller pricing expectations from the 2021 era (when the cost of capital was much lower) is making it challenging for exchange buyers to locate quality “like kind” properties for their investment upleg. One option to include in your identification process could