Stay informed with the latest trends, data, and expert insights on Montana’s commercial real estate market. SterlingCRE Advisors offers in-depth market reports, articles, and updates on key sectors including office, retail, industrial, self-storage and multifamily.
Bozeman’s multifamily market continues to evolve, driven by steady population growth and shifting renter preferences. In this Q3 2024 update, explore key trends in vacancy rates, rental pricing, and new developments shaping the Gallatin Valley.
Bozeman’s multifamily market continues to evolve, driven by steady population growth and shifting renter preferences. In this Q3 2024 update, explore key trends in vacancy rates, rental pricing, and new developments shaping the Gallatin Valley.
Bozeman’s multifamily market continues to evolve, driven by steady population growth and shifting renter preferences. In this Q3 2024 update, explore key trends in vacancy rates, rental pricing, and new developments shaping the Gallatin Valley.
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
Bozeman’s multifamily market continues to evolve, driven by steady population growth and shifting renter preferences. In this Q3 2024 update, explore key trends in vacancy rates, rental pricing, and new developments shaping the Gallatin Valley.
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,
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
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
Land is always a big part of the real estate conversation in Missoula. But lately, many developers are saying the same thing: “Even if the land were free, we still couldn’t make the project work.” That’s a clear sign something has shifted. In 2025, land sales haven’t stopped—but they’ve slowed.
The self-storage market continues to evolve, and tenant expectations are shifting along with it. While technology and flexible lease options are becoming more important, the fundamentals still matter. People want clean, well-lit, and secure spaces where they can trust their belongings will be safe. Whether you’re an owner, operator, or
Selling commercial land can be tough. The real value lies in the future potential it offers the buyer, and predicting that isn’t easy. Selling commercial land requires experience, market knowledge, and a clear understanding of a property’s future potential. SterlingCRE Advisors brings all this to the table, combining years of
In the heart of Midtown Missoula, nestled next to local favorites like Big Dipper Ice Cream and The Dram Shop, Double K Ranch Deli is proving what happens when the right business finds the right space. Since opening its original shop in 2022 at 2700 Paxson Street, Suite B, Double
In commercial real estate, long-term value is driven by more than just square footage and cap rates. At its core, CRE value follows productivity—and productivity depends on people. That’s why understanding the economic pulse of a market like Missoula is essential for smart real estate decisions. Employment trends, wages, and
Office vacancy is up in Missoula. That’s not a shock to anyone keeping an eye on the market. But before jumping to conclusions, it’s worth asking a better question: What does that vacancy really mean? Not all empty space is bad. Having a little slack in the market can be
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
Managing a commercial property is more than just collecting rent—it requires strategic oversight, proactive maintenance, and strong tenant relationships to maximize its long-term value. Many commercial property owners attempt to self-manage or rely on residential property managers, only to find themselves overwhelmed with operational challenges and costly mistakes. Partnering with
Amazon’s rapid logistics expansion across Montana—Missoula, Billings, Bozeman, and Kalispell—required expert site selection and deal execution. SterlingCRE Advisors played a key role in securing the ideal locations, ensuring Amazon could efficiently serve customers across the region.
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.
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
Missoula’s Reserve Street corridor is one of Montana’s strongest areas for retail investment. As one of the busiest streets in the state, Reserve Street consistently delivers high traffic, strong demand, and a diverse mix of retail and commercial activity. For investors, this corridor offers significant opportunity. Why Reserve Street? Reserve
Vacant bank buildings are some of the most intriguing properties in the real estate market. Known for their high-quality construction, unique features like drive-throughs and vaults, and ADA-compliant amenities, these structures offer incredible adaptive reuse potential. However, their distinct “bank-like” appearance often deters traditional businesses from considering them. Why Banks
