Missoula 2045 Land Use Plan: Identifying Future Opportunities for Commercial Real Estate
The latest draft of the Missoula 2045 Land Use Plan offers a vision that emphasizes balanced growth, sustainability, and resilience. The purpose of this plan is to guide future land use and growth in Missoula through a clear set of policies and strategies to support a thriving, sustainable community. The plan reflects changes in Missoula’s population […]
Avoid Common Pricing Mistakes When Selling Multifamily Real Estate in Montana
As you navigate the Montana multifamily commercial real estate market, it’s crucial to understand the strategies that can help you successfully sell your property. Casey Rose, CCIM offers valuable insights into effective pricing strategies. Overpricing can have detrimental effects, ultimately leading to a lower sale price. Here are some recommendations to help you avoid this […]
2024 Montana Self-Storage Trends: Operating Costs & Insurance
Operating expenses have become a significant challenge in the underwriting process for self-storage facilities in Montana. Over the years, property taxes have been a focal point, but recently, insurance premiums have also experienced substantial increases. Here are some key insights and strategies to help you navigate these challenges and make informed investment decisions. https://youtu.be/tQHgRcQMgas Rising […]
Inside MT Retail: Southgate Mall Thrives Amid Changes in Retail
In this episode of Inside Montana Retail, Connor McMahon of SterlingCRE Advisors sits down with Tim Winger, the Property Manager of Southgate Mall, to explore the evolving world of retail real estate. Despite widespread media reports about the decline of malls, Southgate Mall in Missoula, MT, continues to thrive. Discover the unique factors driving the […]
Downsizing Tenants? Here Are Some Options
The rise in workplace flexibility is prompting tenants to reconsider their space requirements. Some are choosing to stay put, anticipating that future growth will fill the extra space. Others are reconfiguring their offices to accommodate more meetings, collaboration, and events. Many are looking for upgraded spaces to lure workers back to their desks. Companies committed […]
What’s Up With The Bozeman Boom?
Bozeman’s base economic sectors are pivotal drivers of its growth, shaping its prosperity. Industries constituting the core economy bring external revenue into the local community. This fosters the growth of other businesses within the region. In a previous blog post, we looked at the importance of understanding a community’s economic dynamics before making real estate […]
Risky Business | 3 Options To Make A Property Use Legal
You’ve found an ideal property – the right location, the perfect building, and even a warehouse for storage, all within your budget. But there’s a snag: your broker informs you that your business isn’t permitted under the current zoning. In a less competitive market, you’d simply look for another property. However, in a tight market, […]
Make Your Self-Storage Website Work
Most self-storage customers will never interact with a person during the process of finding a storage facility, renting a space, and paying the bill. Digital technology has made the process more convenient for everyone. However, this makes your website your head salesperson. Here are some tips to put your website to work as an […]
Don’t Go Bust in a Boomtown
When it comes to developing and investing in commercial real estate, having the ability to predict the future would be a tremendous advantage. Unfortunately, the crystal ball we acquired from Amazon.com doesn’t cover Montana’s commercial real estate market. The fundamental factor influencing the value of commercial real estate is the equilibrium of supply and […]
Montana Property Tax Sticker Shock? How to Appeal
https://youtu.be/IjHUMfBDlrE Kara Hogan and Matt Mellott CCIM/SIOR offer some valuable information on how to appeal your Montana Department of Revenue 2023 Classification and Appraisal Notice value assessment. Act quickly- you likely need to have your appeal in the mail by JULY 30.More details:https://sterlingcrea.wpenginepowered.com/montana-property-tax-sticker-shock-how-to-appeal/Download the AB-26 Form:https://mtrevenue.gov/publications/request-for-informal-classification-and-appraisal-review-form-ab-26/