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 […]
Bozeman Multifamily Market: What the Numbers Say and What They Don’t
Bozeman’s multifamily market has entered a new chapter—one that many of us saw coming. After years of breakneck construction, surging demand, and double-digit rent growth, the local market is now experiencing its natural correction. Vacancy is rising. But despite more availability, rents have continued to edge upward, with the average hitting $2,166. At a glance, […]
Missoula’s Self-Storage Market in 2025: A Measured Reset
From 2020 – 2022, units were leasing fast, new facilities were being built, and investors were eager to buy. That stretch of growth was strong, but it wasn’t likely to last forever. Now, with more inventory available and borrowing costs up, everyone—from property owners to buyers—must pay closer attention to operational details and where things […]
Bozeman Retail: High Demand, Limited Availability, and Emerging Growth Corridors
Bozeman continues to attract retailers drawn to its abundance of customers with high-income levels and a propensity for luxury goods and premium experiences. Until recently, there has been relatively little retail inventory added to the market. However, we are monitoring several “new to the market” developments and several in planning. Consistent Growth Bozeman was already […]
2024 in Review – Bozeman Office
https://youtu.be/Ol7Cx0iPQp8 Bozeman’s office market has seen some shifts over the past year, with trends influenced by changes in how companies use their space. While some challenges persist, opportunities are emerging for property owners and investors ready to adapt. As we move into 2025, the focus will be on navigating rising vacancies and leveraging new strategies […]