2024 in Review – Missoula Industrial and Montana Self-Storage
https://youtu.be/A6uKoDfL4sQ Looking back on 2024, Missoula’s industrial and self-storage markets faced a year of recalibration amidst rising interest rates and cautious investment activity. The industrial sector saw limited transaction volume but is positioned for growth in 2025. Expanding infrastructure and new industrial land availability are paving the way for more opportunities, with developers showing increased […]
2024 Montana Self-Storage Trends: Operating Costs & Insurance
Operating expenses have become a significant challenge in the underwriting process for self-storage facilities in Montana. Over the years, property taxes have been a focal point, but recently, insurance premiums have also experienced substantial increases. Here are some key insights and strategies to help you navigate these challenges and make informed investment decisions. https://youtu.be/tQHgRcQMgas Rising […]
2024 Montana Self-Storage Trends: Softening Rent Growth
The Montana self-storage market, like many others across the nation, has experienced a notable shift in rent growth trends. During the COVID-19 migration period between 2020 and 2022, rent growth surged, with percentage increases reaching double digits. However, as we move forward, it is crucial to adjust our projections and underwriting to align with current […]
2024 Montana Self Storage Trends: Navigating Occupancy Fluctuations
The Montana self storage market has experienced notable shifts over the past few years. Influenced by various economic and social factors, these changes present both challenges and opportunities. Here are some key trends and issues you should consider to navigate this evolving asset class.https://youtu.be/OMCx05DJyE4?si=5_zJ17NmubQ-cubo Resurgence of Occupancy Fluctuations One of the most significant trends in […]
Managing Your Self Storage Facility to Maximize Value
Managing operating expenses is crucial in the self-storage industry, where costs such as credit card fees and abandoned unit cleanup can quickly accumulate, directly impacting your Net Operating Income (NOI). Experienced operators deploy various strategies to increase revenue and mitigate some of these unavoidable costs. Automate Customer Service to Save Money & Maximize Employee Time […]
Montana Self Storage Update Q2 2024
Stay ahead with the latest trends in Montana’s self-storage market. Explore insights on rental rates, supply growth, and investor opportunities in this detailed report.
Montana Self Storage Market: Claire Matten, CCIM | SIOR, Guides Successful Transactions Amid Evolving Trends
Despite national skepticism around the office asset class, SterlingCRE’s insight into Missoula, Montana’s market dynamics revealed the property’s inherent value.
