Bozeman

Markets

Bozeman

Bozeman, located in southwestern Montana, has experienced significant growth in recent years, making it one of the most dynamic real estate markets in the state. Known for its strong tourism sector, proximity to Yellowstone National Park, and growing tech scene, Bozeman’s commercial real estate market is attracting a diverse set of investors and developers. The city’s economic vitality and expanding population are driving demand across multiple sectors, but challenges also exist, particularly regarding infrastructure and the rapid pace of growth.

Market
Strengths

Booming Tech & Entrepreneurial Ecosystem

Rapid Population Growth & Housing Demand

Proximity to Yellowstone & Tourism

Well-Developed Infrastructure & Accessibility

Market
Weakneses

Limited Commercial Inventory

High Construction Costs & Limited Labor

Infrastructure Strain & Traffic Congestion

Risk of Overdevelopment

Market
Opportunities

Multi-Family Development

Tech & Innovation Spaces

Mixed-Use Developments

Retail & Hospitality Opportunities

Industrial and Logistics Growth

Market Indicators

3%

Inventory Change YOY

85%

Average Occupancy

350

Average Days on Market

53,293

Population

$79,903

Median Household Income

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Past Projects in Bozeman

Special Purpose Appraisals

Sage Appraisal has completed several commercial appraisals in the Bozeman Market, including ranches, commercial properties, and multi-family properties. Sage Appraisal continues to offer local insights and data to investors, property owners, and financial institutions in the Bozeman Market. 

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The Bozeman Market?

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