Do Commercial Real Estate Agents Need a Special License?
If you’re considering buying, selling, or leasing commercial property, you may be wondering if you need to find an agent with a special commercial real estate license. In Montana, there is no specific credential required to buy, sell, or lease commercial real estate besides a basic real estate license – the same license that residential […]
Missoula Industrial 2023 Trends
Missoula Industrial 2023 Montana industrial product continues to hold a position in the spotlight – with Missoula industrial product showing gains. The tremendous growth in e-commerce has been the primary driver of the push on industrial product, as e-commerce propelled major warehouse and distribution expansion across the nation – including Montana. E-commerce currently accounts for […]
What the Heck is Strategic Property Management?
Multifamily property owners know effective property management is a key component of keeping their asset in the black – but what the heck is strategic property management? The Communities by Compass team follows a few key strategies and best practices to create a strategic plan for success at each of the multifamily properties in […]
Missoula CRE 2023 | Midyear Update
Over the past nine months, the residential and commercial real estate sectors have experienced significant changes. Today, we’re diving into the factors behind the current economic conditions in Missoula and considering what’s happening in the national CRE markets. Office spaces have been heavily impacted by the COVID-19 pandemic and the rise of hybrid work environments. […]
Investing in Montana Short-Term Rentals
Investing in Montana Short-Term Rentals: Pros & Cons Maggie Collister Montana visitors (all 12 million of them) have many options for lodging. But traditional alternatives like hotels and campgrounds have experienced rising competition from an unlikely opponent: short-term rentals (STRs). The University of Montana Institute for Tourism and Recreation Research says that 10% of visitors […]
Is Commercial Real Estate a Good Investment?
Is Commercial Real Estate a Good Investment? Casey Rose, CCIM When it comes to investing your money, there are many different options to choose from. And while commercial real estate has long been popular with investors, there’s a question we field a lot: is commercial real estate a good investment? Here are some considerations to answer that […]
Net Net Net: Unscrambling Leasing Jargon
Net net net, triple-net, NNN: what does it mean? It’s a question we field a lot – and for good reason. Most tenants are experts in their field, whether that’s insurance, retail, coffee-making, or something else. But lease terms like NNN (otherwise known as net-net-net or triple-net) are out of their wheelhouse. Many landlords are also […]
Pro/Con: Missoula Short-Term Rentals
Missed Missoula MarketWatch? The upshot is that Missoula’s commercial real estate sector is still active, with interest on both the sale and lease sides – but, there are challenges ahead for every asset type. Missoula’s commercial real estate market faces low vacancy rates, with a limited supply of office, retail, and industrial spaces to meet growing […]
Market Update: Missoula CRE in 2023
Missed Missoula MarketWatch 2023? Read on for a quick snapshot of the office, retail, and industrial sectors. The SterlingCRE team noted that Missoula’s commercial real estate sector is still active, with interest on both the sale and lease sides – but, there are challenges ahead for every asset type. Missoula’s commercial real estate market is […]
Montana Positioned to Benefit from Onshoring
Matt Mellott, Advisor It’s official – the warehouse and industrial real estate market is feeling the impact of onshoring. You may be asking: on-what now? Onshoring is a recent phenomenon in which manufacturers and distributors are bringing their products — and distribution networks — back to the United States in response to recent transportation shocks and […]