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 […]
Why Put Your Commercial Property on the Market?
If Off-Market Offers are Coming In, Why Put Your Commercial Property on the Market? If you own an apartment complex in Montana, you might be wishing your number was unlisted so you could duck all the calls from buyers looking to purchase apartment complexes. With all the interest in Montana multifamily projects, some sellers ask […]
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 […]
Sterling CRE Brokers Awarded
Ryan Springer, CCIM Sterling CRE Brokers Recognized as Top Performers in Platinum Broker Awards Crexi today announced Sterling CRE brokers Matt Mellott, CCIM/SIOR and Ryan Springer, CCIM, as winners of its first annual Platinum Broker Awards. This is an inaugural awards program recognizing the highest performing brokers on Crexi’s platform. For recognition as a Platinum […]
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 […]
Rooftops, Backrooms, and Basement Conversions: Getting Creative in Montana
Montana Rooftop Conversions: Maximizing Space without Blowing Your Budget In some of Montana’s popular markets, retailers can’t always find the real estate necessary to expand. Vacancy is falling year over year and new supply is struggling to keep pace with rising demand. Connor McMahon, a retail specialist, says that instead of stalling an expansion, retailers […]
Montana Class A Space
Class A…or Just Classy? You have a nice building – a great building, actually. Lots of parking, good location, a fancy tap that dishes out on-demand cold brew, and credit tenants. Is this class A…or just classy? The term “class A” gets thrown around a lot in Montana commercial real estate. We assume no malice […]
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 […]