September Market Update
Steady and active. Those two words describe the commercial real estate market in Yellowstone County. The market has been consistent across industrial, office, retail, and land. This is positive information depicting a lively and functional commercial market. Functional marketplace is interpreted as sellers and buyers, landlords and tenants, are all benefiting from the current status of the market. The price to lease is sufficient to make the price to develop, and the price to sell is attractive to buy. Factors such as interest rates, national economic status, and available vacancies, play a role in a functional marketplace. Quarter III and IV have plenty of “functional” transaction in the pipeline as the market is showing no signs of slowing down.