Shop ‘til You Drop: Montana Retail Notes on the International Council of Shopping Centers Conference with Connor McMahon Connor McMahon, Montana retail specialist, traveled to the ICSC national convention in Las Vegas in May 2022. The conference had been canceled for the two prior years. Connor says the demand to expand retail footprints was evident […]
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 […]
Sterling CRE Brokers Awarded
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 Broker, Crexi users […]
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 […]
Pros and Cons: Kalispell Commercial Real Estate
What commercial real estate opportunities should you look for in Kalispell, Montana? While it doesn’t get quite as much airtime as Missoula or Bozeman, Kalispell is experiencing the same expansive growth as other major Montana cities – and the Kalispell commercial real estate sector shows great potential. The City of Kalispell reports that residential permitting, […]
Montana Development: Butte, Billings, & Kalispell
What’s up with Butte and Billings development in Montana? Check out what’s new! As 2021 comes to a close, we’re taking a look back at Montana’s big development news. Here are some of the major commercial projects from across the state this year. While Missoula and Bozeman have long been hubs for commercial investment, we’re […]
The Future of Housing in Montana
Montana Housing: Big yards? Out. Cohousing? In. A new generation of Montana home buyers is considering cohousing, co-ops, live/work style units, and other nontraditional housing products in lieu of single-family homes. While traditional homes still appeal to some buyers, rising prices and changing values signal an evolving market. What’s changed? And how can builders be […]
Bozeman Multifamily/Apartment Vacancy
Bozeman Multifamily / Apartment Vacancy at 2% Limited rental product in current market but hundreds of new units in development pipeline A market survey conducted by Sterling Commercial Real Estate Advisors (Sterling CRE) showed multifamily vacancy in Gallatin County at 2% in the fourth quarter of 2021. A balanced market generally has a 4 – […]