What the 2025 Montana Tax Mis-step Means for Multifamily Owners
Montana’s new property tax reform was meant to bring clarity and relief after several volatile assessment cycles. Instead, a late-session drafting mistake has added new uncertainty, particularly for multifamily property owners. As reported by the Missoulian, an error in the final version of the 2025 tax legislation unintentionally raised the tax rate on multifamily parcels […]
Montana Quarterly Business Review
Your quarterly briefing on workforce, development, and commercial real estate trends across Montana, built for business owners, investors, and community leaders.
2025 Bozeman Multifamily Market: Vacancy, Leasing, and Development Trends
Make no mistake—there are a lot of vacant multifamily units in the Bozeman market right now. But it’s important to understand the source of that vacancy. When it’s driven by new supply, it can be worked through over time. If it’s due to a lack of demand, that’s a much more serious concern. In Bozeman’s […]
Bozeman Industrial Update Q2 2025
Our latest Bozeman Industrial Market Update offers essential insights into what’s driving demand across Gallatin County. Whether you’re an investor, owner-occupier, or tenant, this report will help you plan your next move with confidence.
Bozeman Office Mid-Year Outlook 2025: Slower Decision Cycles Call for Active Leasing Strategies
The office market in Gallatin County remains relatively steady, with current vacancy sitting at 8.3%. While that’s slightly elevated from historic lows, it hasn’t shifted drastically over the past few years. Caution Slows New Development Although several projects are in the planning stage, many are likely to be paused as economic uncertainty weighs on development […]
Bozeman Industrial Mid-Year Update 2025: Stability with Selective Opportunities
In Gallatin Valley, industrial vacancy is holding steady at around 7%, a level that reflects a relatively healthy market amid ongoing economic uncertainty. The vacancy rate has remained stable in part because many of the new industrial projects over the past two years have been smaller condo-style units. In contrast, larger warehouse spaces, typically over […]
Bozeman Retail Mid-Year Outlook 2025: Low Vacancy, High Demand, and Belgrade’s Rising Profile
Bozeman’s retail sector continues to lead the local commercial real estate market. With a vacancy rate of just 2.65% over the past 12 months, retail space is extremely limited—and that tight supply is expected to persist in the near term, despite a pipeline of new projects. Rents Rising With Construction Costs Inside Bozeman city limits, […]
Bozeman Multifamily Mid-Year Outlook: High Vacancy and Developer Hesitation Define Early 2025
Bozeman’s multifamily market is seeing a significant shift. As of Q1 2025, the vacancy rate has climbed to 12.5%, and that figure is expected to rise. Multiple large-scale projects are set to deliver in the second and third quarters of this year, adding more inventory to an already softening market.
Federal Legislation Brings Strategic Incentives for CRE Investors — Especially in Rural Montana
Recently, the U.S. federal government—including Congress, the Senate, and the President—passed the “Big Beautiful Bill.” This bill includes important provisions for commercial real estate (CRE) investors. Within the bill are significant renewals and expansions of two powerful incentives: The Opportunity Zone Program has been extended and modified. 100% Federal Bonus Depreciation is being restored, with […]
2025 Property Tax Changes in Montana: What You Need to Know
There are a few things in life less fun than paying property taxes. Add a brand-new tax rate calculation system and reassessment, and now it’s even more confusing. Welcome to 2025 in Montana. At SterlingCRE Advisors, we’ve been tracking the upcoming changes. We’ve reviewed the legislation and spoken with local tax experts, and we’re here […]
