The Madison Avenue corner office is a thing of the past, living spaces have shrunk, and shopping is more convenient and entertaining than ever – all on one city block. The term mixed-use has shifted toward an integrated model of shared uses that complement and leverage each other to create a cohesive and communal ecosystem. Driving […]
The Big Sky Economic Development (BSED) is a public-private partnership. The Big Sky Economic Development Authority (EDA), the public agency, evolved from the Montana TradePort Authority launched in 1989 by the Yellowstone County Board of Commissioners. Big Sky Economic Development Corporation (EDC), the private business side, was started in 2002. Over 145 of the county’s […]
The vitality of the commercial market can be determined by the execution of transactions of interested parties. 2018 showed a strong market for Billings. With 41% of inquiries for retail, 36% of inquiries for industrial, and 19% of inquiries for office, there was plenty of activity across the board in Billings. Seeing closed transactions and […]
Billings businesses are in a period of growth this summer and fall. Retail pet stores are expanding their spaces and some are opening 2nd locations. Office users are looking to expand their spaces and some are moving within the building they currently occupy to larger spaces in the same building. We are seeing more interest […]
Plans for a second location for Limber Tree Yoga is a milestone for the small business and the realization of the dream of its owner, Sharli Swinehart. Having opened for business in May of 2012, Swinehart has nurtured her business and seen it grow at its current location in downtown Billings at 212 N. 29th […]
Every industry has its own lingo, but there are some fields that really have a lot of jargon – and commercial real estate is definitely one of those fields. If you don’t have a background in CRE or CRE experience, it’s easy to feel overwhelmed. In talking to new CRE professionals, we hear this expressed […]
If you spend any time at all in the commercial real estate world, you’ve probably heard and seen terms like green, clean energy and building sustainability all over the place. But are you really sure about what these terms mean, or how they’re applied? As the commercial real estate industry continues to grow and expand, and as the earth’s supply […]
For years, modern and flexible office spaces were the stomping grounds of small, boutique startups and the self-employed creative types. And, while those groups still play a large role in the market, larger and more traditional companies are now beginning to see the benefits of flexible office spaces. But what, exactly, is a flexible office […]
It comes as no surprise that many brick and mortar retail outlets have reported an overall dip in sales, thanks to the prevalence and mass appeal of online shopping. After all, being able to skip the traffic and parking, as well as the long lines at checkout, is hard to turn down. And, in particular, […]
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 […]
