The Bureau of Business and Economic Research presented an update on the US and Montana economies earlier this month for the second quarter of 2018. According to the Bureau, U.S economic growth was expected to surge above 4% for the second quarter with the consumer price index up 2.8% in June from a year ago […]
Coldwell Banker Commercial (CBC) welcomes Shaylee an energetic real estate agent who has completed many successful transactions for her clients. She is passionate about business and will tirelessly work with clients for just the right solution to their commercial and investment property needs. Networking and negotiation come naturally to Shaylee. She has worn many other […]
It seems that everywhere you look today, it’s almost impossible to avoid hearing or reading stories about Millennials. We have all heard about how they are making huge strides and taking the lead in business, politics, real estate, philanthropy, and more. But what you might not have heard yet is that Millennials are even shaping […]
It has been said that it is only a matter of time before blockchain, the proprietary technology that supports cryptocurrencies such as Bitcoin, will begin to infiltrate industries all around the world. And, believe it or not, even historically traditional industries are not immune to the disruption – commercial real estate included. But let’s back […]
Currently, in Billings, it is estimated that we are experiencing a 20% vacancy in office space right now – far surpassing vacancy in retail, industrial or multifamily properties. But this trend is not specific to Billings. We see it nationwide which is forcing landlords to get creative in both attracting office tenants and repurposing their properties. The […]
While senior housing has always been a profitable industry, it has really been able to stand on its own two feet recently as a viable and significant class of real estate – with more and more outside investors jumping on board and adding senior housing to their portfolios. In a recent survey conducted by the […]
Last year, transit-oriented developments were all the talk. What many developers and investors found was that making these types of developments work with local government entities is not always easy – despite TOD being a win-win-win for cities, residents, and businesses. With competing and sometimes conflicting interests on all sides, it’s easy for these types […]
When unemployment rates go up as high as they did during the recession, newly unemployed folks rush to enroll in higher education. Either to improve their marketability and skills for an increasingly educated job market or to have access to money while looking for work, universities saw in uptick in both foreign and domestic student […]
A full 90% of new multifamily construction today is rentals according to one study. For the last several years, demand in multifamily has outpaced new construction, causing some places to see huge spikes in rent prices. Still demand has not slowed while prices have been growing by up to 8% year-over-year. Experts predict rent prices to normalize around […]
Lost in the headlines about Amazon acquiring hundreds of Whole Foods stores last year was the company’s announcement of a big search for a new second headquarters – although everyone in CRE was paying attention. Unusual but not atypical for a company as known for being innovative and different as Amazon is, opening a second […]
