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Billings, Montana

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Business Properties
Last Updated: 26-Oct-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 4.00 $ 22.00 $ 16.00 10.2% N/A
Class B (Secondary) $ 8.00 $ 12.00 $ 10.00 16.7% N/A
 
Suburban Office
New Construction (AAA) $ 18.00 $ 26.85 $ 20.00 15.0% N/A
Class A (Prime) $ 12.00 $ 16.00 $ 14.00 10.8% N/A
Class B (Secondary) $ 9.00 $ 12.00 $ 10.00 10.8% N/A
 
Industrial
Bulk Warehouse $ 2.25 $ 4.80 $ 3.60 6.0% N/A
Manufacturing $ 3.50 $ 6.00 $ 5.00 4.0% N/A
High Tech / R&D $ 16.00 $ 18.00 $ 18.00 N/A N/A
 
Retail
Downtown $ 8.00 $ 14.00 $ 12.00 11.4% N/A
Neigborhood Service Centers $ 8.00 $ 12.00 $ 10.00 8.5% N/A
Community Power Center $ 14.00 $ 18.00 $ 16.00 N/A N/A
Regional Malls $ 18.00 $ 24.00 $ 21.00 3.0% N/A

Development Land Low () High ()
Office in CBD $ 871,200 $ 1,089,000
Land in Office Parks $ 196,020 $ 239,580
Land in Industrial Parks $ 141,570 $ 206,910
Office/Industrial Land - Non-park $ 98,010 $ 119,790
Retail/Commercial Land $ 261,360 $ 522,720
Residential $ 60,000 $ 174,240

 

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