Sterling Commercial Real Estate Advisors
Sterling Commercial Real Estate Advisors
  • 274
  • 66 829
2024 in Review – Missoula Multifamily
The multifamily market in Missoula has been relatively quiet in terms of investment sales, with limited new development over the past year. High borrowing costs and mismatched pricing expectations have kept transaction activity low.
However, signs of change are emerging. With vacancies tightening and rents showing upward momentum, the market could see renewed interest in both investment and new development in 2025.
In this Year in Review Video, Matt Mellott, CCIM | SIOR shares insights into the trends shaping Missoula’s multifamily market and what’s anticipated for the coming year.
มุมมอง: 43

วีดีโอ

2024 in Review - Missoula Land
มุมมอง 45วันที่ผ่านมา
In 2024, large tracts of land-whether for residential, industrial, or mixed-use projects-have seen steady activity, with buyers focused on adding value through entitlements. On the other hand, high-priced, fully-entitled parcels have faced slower demand, with interest but limited transactions. As we move into 2025, low vacancy rates across sectors are expected to fuel more demand for land. Howe...
2024 in Review - Missoula Leasing
มุมมอง 27วันที่ผ่านมา
In 2024, limited inventory defined the office, industrial, and retail markets in Missoula. With few options available, finding the right space often required patience, quick decision-making, and clear priorities. Looking ahead to 2025, these trends are expected to continue. Businesses should start their search early and focus on understanding what’s essential versus what’s flexible in their spa...
2024 in Review: Bozeman Industrial Market
มุมมอง 2821 วันที่ผ่านมา
Vacant industrial buildings remained exceptionally hard to find in 2024, with demand outpacing supply. High construction, financing, and land costs drove up property values, making vacant buildings more valuable than leased ones. Traditional industrial spaces continued to lease quickly, but rising vacancy rates were driven by an oversupply of smaller warehouse condos. These units, ranging from ...
2024 in Review - Bozeman Office Market
มุมมอง 3821 วันที่ผ่านมา
Bozeman’s office market has seen some shifts over the past year, with trends influenced by changes in how companies use their space. While some challenges persist, opportunities are emerging for property owners and investors ready to adapt. As we move into 2025, the focus will be on navigating rising vacancies and leveraging new strategies to attract tenants. For more insights, watch our latest...
Downtown Kalispell Office Investment Property for Sale | $2,850,000
มุมมอง 20หลายเดือนก่อน
SterlingCRE Advisors presents a prime office building located at 431 1st Avenue West in Kalispell, Montana. Situated next to a vibrant downtown, this ±15,070 square foot facility boasts ample parking, modern interiors, and landscaped surroundings. Updated in 2016, the building features accessible amenities and is thoughtfully designed with private offices, conference rooms, and collaborative sp...
2024 in Review - Missoula Industrial and Montana Self Storage with Claire Matten, CCIM | SIOR
มุมมอง 61หลายเดือนก่อน
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 inter...
2024 Year in Review - Missoula Office and Retail - Connor McMahon
มุมมอง 56หลายเดือนก่อน
As we wrap up 2024, the retail and office markets in Missoula showed resilience in the face of some serious challenges. Retailers dealt with high construction costs, elevated interest rates, and persistent staffing pressures, but the story isn’t all tough news. Many businesses in Missoula are thriving, with strong in-store sales driving plans for new locations across Western Montana. In the off...
Vacant Industrial Buildings Driving Higher Prices in Bozeman
มุมมอง 32หลายเดือนก่อน
In this video, Casey Rose, CCIM, of SterlingCRE Advisors breaks down why vacant industrial properties in Bozeman are often commanding higher prices than leased ones. Learn about the key factors driving this trend, including limited land availability, rising construction costs, and the demand for immediate occupancy. Whether you're a property owner or investor, understanding these market dynamic...
161 Enterprise Drive
มุมมอง 872 หลายเดือนก่อน
161 Enterprise Drive
Sterling CRE Advisors | 3210 Euclid/3203 Broadwater Avenue, Helena, Montana - Commercial Property
มุมมอง 172 หลายเดือนก่อน
SterlingCRE Advisors presents an opportunity to own a well-located commercial property in Helena, Montana. Welcome to 3210 Euclid Avenue in Helena, Montana. Conveniently located just off Highway 12, this property is perfectly suited for businesses like administrative offices, educational centers, or care facilities. It sits in a rapidly developing area, offering both accessibility and a serene ...
2610 Reserve Street, Missoula Montana- High Profile Retail/Warehouse SterlingCRE Advisors
มุมมอง 332 หลายเดือนก่อน
SterlingCRE is excited to offer 2610 South Reserve Street, an exceptional retail and warehouse space in Missoula, Montana. This property is situated on a ±1.14 acre lot and features a total building size of ±28,512 square feet. With its prime location and high visibility, this versatile space is ideal for retailers of all sizes looking to establish a strong presence in the area. This property h...
Sterling CRE Advisors | 815 East Front Street, Missoula Montana - Riverfront Office For Sale
มุมมอง 503 หลายเดือนก่อน
SterlingCRE Advisors presents a rare chance to own a stunning office property at 815 E. Front Street in Missoula, Montana! This prime location offers breathtaking views of the Clark Fork River, easy access to the University of Montana, and a quick five-minute walk to Downtown Missoula's heart. 🔹 Ideal for Business Growth: Occupy part of the building now and expand as more space becomes availabl...
Billings Industrial Investment Opportunity | $3,525,000
มุมมอง 223 หลายเดือนก่อน
SterlingCRE Advisors is pleased to present 923 2nd Ave North, an industrial investment opportunity with established long term leases in place. Situated in the heart of the North Park Commercial neighborhood, the offering is ideal for investors and tenants seeking to capitalize on a high-traffic area with convenient access to Interstate-90 and all major Billings arterials. With unparalleled visi...
For Sale: 5477 US Highway 93 North, Florence Montana
มุมมอง 264 หลายเดือนก่อน
SterlingCRE Advisors is pleased to present this highly visible commercial property at 5477 US Highway 93 North in scenic Florence, Montana. This property offers exceptional accessibility with frontage along US Highway 93, near the signalized intersection with the Eastside Highway. Features include prominent signage, ample storage space, and a large lot offering excess land for expansion, parkin...
Inside Montana Retail: Southgate Mall Thrives Amid Changes in Retail
มุมมอง 244 หลายเดือนก่อน
Inside Montana Retail: Southgate Mall Thrives Amid Changes in Retail
2024 Montana Retail Trends: Fresh Concepts Winning the Space Race
มุมมอง 114 หลายเดือนก่อน
2024 Montana Retail Trends: Fresh Concepts Winning the Space Race
2024 Montana Self Storage Trends: Operating Costs & Insurance
มุมมอง 284 หลายเดือนก่อน
2024 Montana Self Storage Trends: Operating Costs & Insurance
For Sale: Amazon Last Mile Facility | 8720 Aluminum Road, Missoula Montana
มุมมอง 434 หลายเดือนก่อน
For Sale: Amazon Last Mile Facility | 8720 Aluminum Road, Missoula Montana
2024 Bozeman Multifamily Trends
มุมมอง 154 หลายเดือนก่อน
2024 Bozeman Multifamily Trends
2024 Bozeman Office Market Trends: Navigating Slowdowns, Opportunities, and Strategic Investments
มุมมอง 64 หลายเดือนก่อน
2024 Bozeman Office Market Trends: Navigating Slowdowns, Opportunities, and Strategic Investments
2024 Office Market Trends - Flight to Quality
มุมมอง 484 หลายเดือนก่อน
2024 Office Market Trends - Flight to Quality
For Sale or Lease 8129 Cowboy Trail, Missoula Montana
มุมมอง 365 หลายเดือนก่อน
For Sale or Lease 8129 Cowboy Trail, Missoula Montana
Selling your multifamily property? Avoid this mistake!
มุมมอง 245 หลายเดือนก่อน
Selling your multifamily property? Avoid this mistake!
2024 Montana Self-Storage Trends: Softening Rent Growth
มุมมอง 225 หลายเดือนก่อน
2024 Montana Self-Storage Trends: Softening Rent Growth
Key Buying Strategies for Success in Bozeman's Multifamily Market
มุมมอง 356 หลายเดือนก่อน
Key Buying Strategies for Success in Bozeman's Multifamily Market
2024 Montana Self-Storage Trends: Navigating Occupancy Fluctuations
มุมมอง 366 หลายเดือนก่อน
2024 Montana Self-Storage Trends: Navigating Occupancy Fluctuations
1280 Highway 2 W, Kalispell, Montana | Commercial Land For Sale | $785,000
มุมมอง 416 หลายเดือนก่อน
1280 Highway 2 W, Kalispell, Montana | Commercial Land For Sale | $785,000
Why invest in Bozeman's Multifamily Market?
มุมมอง 266 หลายเดือนก่อน
Why invest in Bozeman's Multifamily Market?
SterlingCRE Service Day 2024
มุมมอง 86 หลายเดือนก่อน
SterlingCRE Service Day 2024

ความคิดเห็น

  • @sterlingCRE
    @sterlingCRE ปีที่แล้ว

    www.eventbrite.com/e/bozeman-cre-marketwatch-2023-tickets-681742679707?aff=oddtdtcreator/com/contact/

  • @sterlingCRE
    @sterlingCRE ปีที่แล้ว

    Link to Market Watch Sign Up www.eventbrite.com/e/bozeman-cre-marketwatch-2023-tickets-681742679707?aff=oddtdtcreator/com/contact/

  • @KathyThompson-jy7hm
    @KathyThompson-jy7hm ปีที่แล้ว

    Great job Claire!

  • @johannajohnston9501
    @johannajohnston9501 ปีที่แล้ว

    Thank you so much! I’ve been googling TIF Districts since it keeps coming up with a job I’m about to start and it hasn’t made sense till now.

    • @sterlingCRE
      @sterlingCRE ปีที่แล้ว

      You're so welcome!

  • @SaintSaint
    @SaintSaint ปีที่แล้ว

    A worthwhile watch for anyone interested in neighborhood development with a few minutes to spare. I guess having mechanisms in place for payback and an explicit alignment of the spirit of TIF with the contractual obligations are a couple good ways to ensure that TIF is used as a shield for the nearby residents and not a sword against them.

  • @SaintSaint
    @SaintSaint ปีที่แล้ว

    Thanks! I live in Helena. I work IT at the Legislature. I see TIF every once in a while. This was a pretty clear explanation. So there's a group that decides how much if any TIF money a project will get. TIF projects normally look to fix up the neighborhood in dozens of ways such as tearing down shady buildings and building shiny buildings with better sidewalks and parking. I see you have a couple more shows in this TIF series. You have at least 102 and 103. I'll watch

    • @sterlingCRE
      @sterlingCRE ปีที่แล้ว

      Thanks Saint! It's a complex topic and we're happy to help break it down.

  • @MercedesSpotville
    @MercedesSpotville ปีที่แล้ว

    Very clear explanation, thanks!

    • @sterlingCRE
      @sterlingCRE ปีที่แล้ว

      Glad it was helpful!

  • @stayfocusedmedia
    @stayfocusedmedia 2 ปีที่แล้ว

    Can a Mayor use TIF money to make payroll?

    • @sterlingCRE
      @sterlingCRE 2 ปีที่แล้ว

      Thanks for your question. In Montana, state law allows for an urban renewal agency to manage TIF monies. These agencies can operate through a five-member board or as a department inside of the local governing body - so, a mayor may not unilaterally decide how funds are dispersed. We always love to learn more about how other states manage their TIF programs - are there areas where a single municipal official can determine the way funds are spent?

    • @stayfocusedmedia
      @stayfocusedmedia 2 ปีที่แล้ว

      @@sterlingCRE can a mayor do tht without board approval?

    • @sterlingCRE
      @sterlingCRE 2 ปีที่แล้ว

      That would depend on the specific state and municipal policy guiding the TIF district - is your question about a Montana TIF district?

    • @stayfocusedmedia
      @stayfocusedmedia 2 ปีที่แล้ว

      @@sterlingCRE Dolton IL

    • @sterlingCRE
      @sterlingCRE 2 ปีที่แล้ว

      @@stayfocusedmedia TIF regulations vary state to state, and city by city and, with our expertise is in Montana markets, we wouldn't be able to weigh in on TIF regulations in other states. However, you may want to start by first researching state codes for TIF regulations and then carefully reviewing specific municipal policy and procedure documents for the TIF district in question.

  • @jessicamorina5114
    @jessicamorina5114 2 ปีที่แล้ว

    Way to go Claire!!! Very well deserved.

  • @kiaralewis30
    @kiaralewis30 2 ปีที่แล้ว

    Thank you for sharing this information.

  • @user-fp2mv1dt1y
    @user-fp2mv1dt1y 2 ปีที่แล้ว

    Waaaayy overpriced

  • @glenjenkins1885
    @glenjenkins1885 3 ปีที่แล้ว

    what abt rules/regulations on leasing an office space, that i mortgage, to a cannabis retailer? like can you lease out an office/retail space that is part of a building that is currently under mortgage?

    • @sterlingCRE
      @sterlingCRE 3 ปีที่แล้ว

      Hi Glen - Great questions! The answer is, it depends. Because of how Montana structured their legislation, each county sets unique rules and regulations. Some counties do not allow any sales of adult-use products at all. You can get more info at www.sterlingcreadvisors.com/recreational-marijuana-in-montana/

  • @Greengoat58
    @Greengoat58 3 ปีที่แล้ว

    Good day, Do you have a current list of these new apartments projects across the State. I have been following Matt for years, it's pass time I pull the trigger and start investing.

    • @sterlingCRE
      @sterlingCRE 3 ปีที่แล้ว

      Hi David! We're happy to connect and assist. Email us at Info@SterlingCREAdvisors.com and we'll send you the data.

  • @Greengoat58
    @Greengoat58 3 ปีที่แล้ว

    Always great content.

  • @deepfriedcherrypie5366
    @deepfriedcherrypie5366 3 ปีที่แล้ว

    I wonder if people will move out after a cold winter

  • @Greengoat58
    @Greengoat58 3 ปีที่แล้ว

    Always great content and data driven information.

    • @sterlingCRE
      @sterlingCRE 3 ปีที่แล้ว

      Glad you think so!

  • @lindamccarthy2804
    @lindamccarthy2804 3 ปีที่แล้ว

    Nice job ladies! The next step to entrepreneurship is often brick & mortar for food trucks and vendors. As the Director of the Downtown Missoula Partnership, I love watching our food truck businesses grow. Two great examples? Masala and Dobi's! We love all of our food trucks and food vendors. Come check them out at River City Roots Festival this weekend - August 27-28, 2021 - in the streets of Downtown Missoula!

    • @sterlingCRE
      @sterlingCRE 3 ปีที่แล้ว

      We will see you there, Linda!

  • @MarkPemble
    @MarkPemble 3 ปีที่แล้ว

    I hope someone saves that Fat Cat sign!

  • @oneeyedking105
    @oneeyedking105 3 ปีที่แล้ว

    TNXP🚀

  • @frankalvarez6316
    @frankalvarez6316 4 ปีที่แล้ว

    Im a maintenance mechanic how is the job industry on that any idea

    • @sterlingCRE
      @sterlingCRE 3 ปีที่แล้ว

      Hello Mr. Alvarez - Thanks for your comment. Local media source the Missoula Current noted that, "Montana’s unemployment rate continued its decline from the height of the pandemic, hitting 4.9% in October. Missoula’s unemployment rate also fell to 4.1%." While we aren't experts in specific industry stats, the Missoula Job Service is an excellent resource to learn more about jobs in your field. Their contact info can be found at montanaworks.gov/job-service-montana

  • @hurricaneaquatics
    @hurricaneaquatics 4 ปีที่แล้ว

    Great job on the video Matt, you have a great presence. I am in the South and considering a job in Missoula, as I have always dreamed of living in Montana. However, the rental and home prices are extremely high to say the least. Even on a six figure salary, I'm not sure it would be a comfortable living in Missoula. Information Technology jobs, how is the job market for that industry?

    • @sterlingCRE
      @sterlingCRE 4 ปีที่แล้ว

      Hi Jason - Thanks for your comments. We suggest checking out the Montana High Tech Business Alliance for more on tech jobs around the state: jobs.mthightech.org/ While we work in the commercial real estate space, and not residential, we've heard that some folks prefer to rent in Missoula first. Renting helps them develop a better sense of where in the city they want to live.

    • @hurricaneaquatics
      @hurricaneaquatics 4 ปีที่แล้ว

      @@sterlingCRE Thank you Matt, I will check it out.

  • @scottcox9108
    @scottcox9108 4 ปีที่แล้ว

    Sounds like the same story of the last 40 years

  • @ZachGinnOfficial
    @ZachGinnOfficial 4 ปีที่แล้ว

    I like your channel very much, please continue with uploading :)

  • @kiahhochstetler1777
    @kiahhochstetler1777 4 ปีที่แล้ว

    Yes! Cinnabon is here to stay and really glad I can get my stretchy pants.

  • @sterlingCRE
    @sterlingCRE 4 ปีที่แล้ว

    missoulacurrent.com/business/2020/03/open-for-business/ www.mullanareamasterplan.com/ www.montgomerydistillery.com/ www.tamarackbrewing.com/missoula bernicesbakerymt.com/ www.createartbar.com/ www.missoulapubliclibrary.org/

  • @MarkPemble
    @MarkPemble 5 ปีที่แล้ว

    Wow, citizens from any other city would do anything to have a WinCo. In Idaho, there are people who drive for up to an hour to shop at WinCo. It's like a cult there.

  • @craigsiphers819
    @craigsiphers819 5 ปีที่แล้ว

    Great job, as always.

  • @Iowagriz
    @Iowagriz 5 ปีที่แล้ว

    These are well done and good information. Thanks for the continued production.

  • @makeuplove987
    @makeuplove987 5 ปีที่แล้ว

    Hey! Do you have any updates on Panera Bread?

    • @sterlingCRE
      @sterlingCRE 5 ปีที่แล้ว

      Hi Ashley - thanks for inquiring about Panera Bread. What we know at this time is that they are still working with the city with permitting and such. There has been no time-frame given for them breaking ground at this point. We will keep you updated as we hear more!

  • @MarkPemble
    @MarkPemble 5 ปีที่แล้ว

    Yeah, the Flying Squirrel parking lot contains too much parking. Unfortunately, I'm not sure if anything besides a single-story retail pad would work in the space.