4 Ways to Keep Land Deals From Dying
“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 of demand for developable […]
Big Changes in Bozeman’s Housing Market
Over the past 18 months, Bozeman’s housing market has transitioned from scarcity to abundance. During 2021 and 2022, tenants grappled with waitlists, escalating rents, and a generally challenging market, while landlords were able to increase rents and fill units even before advertising them. By 2023, production had ramped up, and new, albeit pricey, units were […]
5 Reasons RV & Boat Storage is Heating Up
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 head of the household […]
How To Correctly Measure Your Commercial Space
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 buildings that have been renovated […]
Three Data Types to Make Profitable Deals
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 decisions. Our research team […]
Rise Of The Bozeman Industrial Market: Key Trends And Insights
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. However, 2.65% is a […]
Farmland to Flats | Housing Changes Across Montana
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 take on apartment forms. […]
Distressed Assets: Can You Uncover A Great Deal?
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 distressed when their cash […]
Raising Rents? Three Tips to Keep Industrial Tenants Happy
Industrial lease rates are rising across Montana. Building owners may be surprised to see what the going rate is for industrial space when it comes time to renew leases. Increasing rents will mean that tenants expect a high level of service for maintenance requests. This means your property management must be on-point with modern communication […]
Montana Property Tax Sticker Shock? How to Appeal
If you’re like many property owners we know in Montana, you recently received an unpleasant surprise in the form of your increased property tax assessments. You should have received your biennial updated property assessment from the Montana Department of Revenue in the last few weeks. Many property owners felt the shock of increases in […]
