Montana Self-Storage Mid-Year Update 2025: Stabilizing Rents, Creative Dealmaking
Montana’s self-storage market is reflecting many of the same trends playing out nationwide. Capital market conditions and the 10-year Treasury rate have significantly influenced what buyers can pay for investment opportunities. The spread between cap rates and borrowing costs has become highly sensitive, making the pricing environment far different from what it was just a […]
Missoula Industrial Mid-Year Update 2025: Rising Vacancy, Evolving Opportunities
Missoula’s industrial real estate market is shifting after several years of unprecedented tightness. The vacancy rate has climbed to over 6% and is still rising, up from the 3-4% range seen between 2020 and 2023. The increase is driven by over 275,000 square feet of new and existing inventory hitting the market in Q1 2025 […]
Bozeman Office Mid-Year Outlook 2025: Thinking About New Office Space in Bozeman? Now Might Be the Time
With vacancy sitting at 8.3%, Bozeman’s office market offers a rare opening for tenants. For businesses looking to upgrade, relocate, or open their first office, there are more options on the table than we’ve seen in recent years—including hard-to-find downtown space. More Choices, Including Downtown Historically, finding office space in downtown Bozeman has been a […]
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 Industrial Market in 2025: Is This a Pause or a Pivot?
For the past few years, we’ve shared nothing but good news about industrial real estate. Fueled by e-commerce and supply chain shifts, the sector became a darling for investors—something that many people overlooked before the pandemic. But in 2025, the tone has shifted. The Missoula industrial market is still solid, but we’re clearly entering a […]
Missoula Housing Affordability: The Real Economic Development Challenge
Missoula has no shortage of big conversations when it comes to economic development. Among all the issues, housing affordability stands out because it impacts nearly every other issue. In 2025, homeownership in Missoula has moved further out of reach for a growing share of the population. While incomes have increased in recent years, home prices […]
What Bozeman Office Tenants Want in 2025: Key Trends for Property Owners
The Bozeman office market is becoming more competitive, with rising vacancy rates (now over 10%) and increasing pressure on landlords to attract and retain quality tenants. At the same time, tenants are demanding more flexible spaces, upgraded amenities, and better building management. With lease rates climbing (up over 21% in Bozeman) but sales prices declining, […]
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 […]
How Retail CRE Investors Can Navigate Missoula’s Market in 2025
Missoula’s current retail market presents challenges and opportunities for commercial real estate investors. Limited inventory, high construction costs, and rising interest rates make it a competitive environment. However, the steady demand for retail space and strong consumer spending create a promising outlook for 2025. Here’s how you can position yourself to capitalize on opportunities while […]
Looking for a New Commercial Lease in 2025? Here’s What You Need to Know
Missoula offers limited for-lease inventory across office, retail, and industrial uses. This trend, fueled by steady demand and slower development cycles, means businesses looking for space in 2025 will face competition. For companies planning a move or expansion, success will depend on clear priorities, careful preparation, and a willingness to act decisively. Here’s what you […]
