Single-Family-Rentals in Build-to-Rent Communities: Coming Soon to Montana?
For Montana families, buying a home is an uphill battle. But, they still need the space: for growing kids, work-from-home setups, care arrangements for elderly relatives, or more room for outdoor recreation vehicles. One alternative to traditional home ownership has emerged: build-to-rent communities of single-family-rentals (SFRs). These SFR communities feature traditional houses managed by a […]
National Brands Seek to Expand in Montana
Connor McMahon, Montana retail specialist, traveled to the ICSC national convention in Las Vegas in May 2022. The conference had been canceled for the two prior years. Connor says the demand to expand retail footprints was evident throughout his interactions with developers, other brokers, and retailers. “Attendance was high,” he says. “There was renewed interest […]
What’s Driving Growth in Bozeman?
Spend any amount of time at a Bozeman brewery and you’re sure to hear a lot of theories on why Bozeman is growing (some more rational than others). Whatever the theory, it isn’t surprising that a city pairing a high quality of life with a growing economy is attracting newcomers from both out-of-state and across […]
New restaurant, market and commercial development coming to Missoula’s Miller Creek
“A new neighborhood gathering spot is coming to the fast-growing upper Miller Creek neighborhood of south Missoula. Local couple Dennis and Robin Round, owners of the popular downtown café Market on Front, plan to open a new full-service restaurant called The Den by Market on Front at a scenic spot on Upper Miller Creek Road […]
What’s Up with Interest Rates? (And what does that mean for builders?)
One of the biggest factors in housing affordability is mortgage interest rates. Mortgage rates increased from 3.11% at the end of 2021 to 5.25% as of May 2022. The last time interest rates were this high was in 2009. A substantial interest rate increase has a significant impact on how much a family or individual […]
Self-Storage Snippet: Site Selection for a Self-Storage Facility
If you’re looking for a new site to build self-storage, consider making the local planning department your first stop. Different cities and counties have unique requirements for self-storage development. Missoula County: Missoula County recently adopted its new zoning and land use ordinance. One significant change for self-storage developers is new facilities being limited to sites between […]
Speciality CRE Spotlight: Student Housing
Bozeman and Missoula have recently been in the headlines for student housing shortages, even in national news. For these communities, finding places for students to live is critical. As universities have seen enrollment outgrow the number of dorm rooms, they’ve looked to the private sector for help. Student housing operators bridge the gap between university-built and owned dorms and traditional […]
Missoula West Broadway Development
Development has taken off on West Broadway in Missoula, Montana. We know that Missoulians love their coffee and Copper Mountain Coffee appears to be ready to capitalize on our shared dependency. The Montana-local coffee company purchased the old Subway building at 1650 West Broadway, so be on the lookout for an opening date. According to […]
Is the Missoula AirBnB Stock Creating a Crisis?
Is Your AirBnB Creating a Crisis in Missoula? “Anecdotally, many Missoulians believe short-term rentals are eating up what otherwise could serve as housing to those who live and work in the city,” reported the Missoula Current. “Can’t wait to not be able to park and pay more for rent so out of state and local […]
Missoula Housing Construction Heats Up
Housing Construction Picks Up Speed in Missoula The Q3 2021 Missoula multifamily market survey identified an uptick in multifamily construction and permitting. What’s more, local news sources verify that Missoula housing construction has made big strides across the county. As of Q3, 1,145 building permits had been issued in 2021. This represents an increase of […]
