Jobs, Wages, and Housing: The Forces Shaping Missoula Commercial Real Estate
In commercial real estate, long-term value is driven by more than just square footage and cap rates. At its core, CRE value follows productivity—and productivity depends on people. That’s why understanding the economic pulse of a market like Missoula is essential for smart real estate decisions. Employment trends, wages, and affordability influence the health of […]
Missoula Among the Best-Performing Small U.S. Cities
Missoula recently ranked ninth on the Milken Institute’s annual list of the Best-Performing Small US Cities. This places Missoula among notable peers like Bend, Oregon; St. George, Utah; Idaho Falls, Idaho; Jefferson City, Missouri; Coeur d’Alene, Idaho; and Jacksonville, North Carolina. These are smaller metros with populations typically under 275,000, recognized for strong performance across […]
SterlingCRE Weighs In: Fed’s Interest Rate Shift
In 2023, the Sterling brokerage team remained actively engaged in leasing, land sales, and catering to owner-occupier sales. The steady flow of transactions throughout the year was sustained by Montana’s robust economic prospects. However, investment activity experienced a decline due to increased borrowing costs, making investments more challenging. Sellers, buoyed by recent substantial gains […]
Local Shops Make Holidays Shine
According to a recent informal poll conducted by the Sterling team, downtown small businesses are the preferred Christmas shopping destination among our friends in Montana. This preference isn’t surprising, as downtown areas, whether big or small, throughout the Big Sky state go all out to transform holiday shopping into a festive and enjoyable experience. […]
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 […]
Can You Use Your Short Term Rental for a 1031 Exchange?
If you own a short-term rental property in Montana, you might be aware of recent discussions regarding the prohibition of certain types of short term rentals (STRs) in residential neighborhoods of Bozeman. Similar regulations are being considered in Missoula too. The issue will involve an interpretation of the zoning code, likely leading to legal […]
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, […]
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/
Hey What’s That Missoula- Summer 2023
https://youtu.be/RFt6cPxl1rU A great Montana summer includes a lot of good food, some bumps and bruises, and a good mystery. Connor and Kara have the lowdown on some new spots around Missoula to check out this month!
