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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