As any commercial real estate professional will tell you, the industry has been witness to a number of changes, being subject to the impacts of the economy, industry trends, market challenges, and more. When looking at commercial real estate, it is crucial to focus not only on generational activity, but also lifestyle trends like Corporate […]
Welcome 2020! As we celebrate this new decade, the 20’s may bring to mind words like roaring, glamorous, exuberance and yes, crashes! When entering into real estate investing It is important to stay grounded both in good markets such as the one we are currently experiencing, as well as more difficult ones. Regardless of market […]
Across the United States, there are a number of eyesores that are hard to miss. One of these is the abandonment of shopping malls and other huge “big box” stores that were once industry giants, such as Toys R Us. These types of abandoned buildings are the perfect visual representation of the current shift in […]
While there are many questions investors have when considering commercial real estate, the one we receive most often is “what is the cap rate?” The Capitalization Rate often referred to as the “Cap Rate” is a term we use to define the rate on net operating income for the first year of investment. This calculation […]
In today’s business climate, accurate and relevant information is crucial for success in commercial real estate investing/deals. In other words, if you don’t know the local market, you could be in real trouble. Despite this fact, commercial real estate is a sector favorite among investors, with its relatively strong returns with only minimal to moderate […]
Commercial real estate in Billings hasn’t slowed down. In fact, it has picked up quite a bit. Currently, number of transactions when compared with YTD 2018 is up 42% for 2019. We are seeing more movement in 2019 due to steady economic growth nationally, and local businesses are tapping into great rates with financial institutions. […]
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 […]
