Maggie Collister Contact Maggie As economic conditions deteriorate and rate hikes start impacting the bottom line for many businesses, lease default becomes a very real fear for landlords and tenants. Whether you’re a tenant or a landlord, finding a solution becomes imperative when a default is looming – or has already occurred. The most important […]
Maggie Collister Contact Maggie You might have heard the term “receivership” when it comes to a commercial real estate asset that is in financial trouble. But what is a “receiver?” How does that work? A receivership is a possible alternative to a CRE foreclosure or default. The receiver is a court-appointed agent who becomes the ad-hoc
Claire Matten, CCIM/SIOR Contact Claire Predictions for Montana CRE in 2023 + Development Notes In 2023, Montana CRE investors, owners, tenants, and developers are seeking answers after a volatile year. As we look ahead, here are trends we predict will shape the commercial real estate market in Montana. Knowing what’s next can help guide smart
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
How much do self-storage operators charge for a unit in Montana? The answer depends on where you look. As of midyear 2022, a 5×10 non-climate-controlled unit in Missoula runs at $61.91 per month. In Bozeman, that same-size unit is closer to $56 per month. But, no matter where you are, expect prices to continue rising.