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 […]
Inside MT Retail: Southgate Mall Thrives Amid Changes in Retail
In this episode of Inside Montana Retail, Connor McMahon of SterlingCRE Advisors sits down with Tim Winger, the Property Manager of Southgate Mall, to explore the evolving world of retail real estate. Despite widespread media reports about the decline of malls, Southgate Mall in Missoula, MT, continues to thrive. Discover the unique factors driving the […]
2024 Retail Trends: Fresh Concepts Winning the Space Race
In Missoula and across Western Montana, retail space has been scarce for years, with vacancy rates stubbornly low, hovering between 2% and 3%. This creates a competitive landscape for businesses seeking prime locations, giving landlords the ability to be more selective about who they lease to. The key trend we’re seeing? It’s not just about […]
2024 Bozeman Office Market Trends: Navigating Slowdowns, Opportunities, and Strategic Investments
As we continue to witness dynamic shifts in Bozeman’s office market, it’s important to stay informed and adaptable. The landscape is evolving, with a noticeable slowdown in office space activity, particularly in new construction. However, opportunities remain, especially for those who own or manage existing office spaces. As someone who’s been closely monitoring these trends, […]
The Bozeman Multifamily Market: Navigating Growth with Data-Driven Decisions
The multifamily market in Bozeman has experienced extraordinary growth over the past couple of years, transforming from a vacancy rate below 2 percent to a forecasted rate exceeding 10 percent. This shift reflects the heightened excitement surrounding Bozeman, fueled in part by the allure of popular media like “Yellowstone.” However, this enthusiasm often overlooks the […]
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 […]
Finding Office Space: Tips for Renting Your Ideal Workspace
Finding the perfect office space is more than just a practical necessity—it’s a strategic move that can significantly influence your business’s success. A well-chosen office can enhance your company’s image, boost employee productivity, and provide the flexibility needed to grow. Whether you are a startup looking to establish a presence or an established business aiming […]
SterlingCRE’s 8th Annual Missoula MarketWatch Event Shows Low Commercial Space Availability, Ballooning Apartment Deliveries
Missoula, MT—Sterling Commercial Real Estate Advisors hosted its annual MarketWatch event on Wednesday, March 6th, at the Florence Building in downtown Missoula. The event attracted over 120 participants, including business leaders and community stakeholders, who gathered to discuss the latest trends in Missoula’s commercial real estate market. The research department at SterlingCRE, led by Data […]
Local Shops Make Holidays Shine
According to a recent informal poll conducted by the Sterling team, downtown small businesses are the preferred Christmas shopping destination among our friends in Montana. This preference isn’t surprising, as downtown areas, whether big or small, throughout the Big Sky state go all out to transform holiday shopping into a festive and enjoyable experience. […]