Bozeman & Vicinity
At Triple Creek Realty of Bozeman, we provide tactical, outside-the-box real estate consulting, designed to create empowered clients, mutually beneficial transactions, and client satisfaction years after the deal is done.
Bozeman Residential Real Estate News
[This is a reprint from last year and is a timely reminder as we move into winter once again]
Troubleshooting today’s real estate problems requires both thinking outside the box and seeing the big picture.
As of September 11th, 2008, the Multiple Listing Service shows over 700 residences listed for more than $310 million in Bozeman. Based on historical sales rates, this indicates an overstock condition. Overstock conditions are predominantly due to four factors:Read more...
Bozeman Commercial Real Estate News
Commercial Real Estate in Bozeman has reached an interesting reversal over the last year or so. Where we saw a predominance of commercial lease listings vs. commercial sale listings last year, this year we see the predominance of commercial sale listings vs. lease listings.
In conjunction with falling lease rates, we believe that this shift marks the last stage of a regional commercial real estate correction. Commercial property owners who were unable to fill their leases are now moving to sell their liabilities to stem losses. This creates a significant discount opportunity for seasoned commercial property investors who are willing to wait out the upside of a downturn.
Similarly, with lease rates on grade B office space at a hovering at 70% of the typical $12 per foot, an opportunity exists to either renegotiate existing leases at a reduced rate or move to a new location with a sufficient incentive to offset costs of moving.