Billings, Montana: A Premier Destination for Commercial Real Estate

Introduction

Billings, Montana, the state's largest city, is a burgeoning hub for commercial real estate (CRE) investment. With a population of approximately 110,000, Billings serves as a critical economic center in the Northern Rocky Mountain region. The city's diverse economy, driven by energy, healthcare, agriculture, and retail sectors, positions it as an attractive location for CRE opportunities. Billings’ strategic location and robust transportation infrastructure amplify its appeal, making it a key destination for investors seeking office, industrial, and retail properties.

Economic and Industry Overview

Billings boasts a diversified economic landscape, with significant contributions from industries such as:

• Energy: The presence of oil refineries and coal production supports a strong demand for industrial properties.
• Healthcare: As a regional healthcare hub, the city supports numerous medical offices and facilities.
• Agriculture: The agricultural sector drives the need for logistics and distribution centers.
• Retail: The city's status as a trade and service center for a vast region fosters retail property demand.

The Big Sky Economic Development agency plays a pivotal role in facilitating economic growth and supporting CRE development through various initiatives and incentives.

Strategic Location and Transportation Infrastructure

Billings is strategically located with access to major transportation routes:

• Highways: Interstate 90 and Interstate 94 are critical for regional connectivity.
• Rail: The city is served by the BNSF Railway, enhancing freight movement.
• Airport: The Billings Logan International Airport offers passenger and cargo services, connecting Billings to national markets.

These logistical advantages make Billings a prime location for distribution centers and businesses seeking efficient access to labor pools and regional markets.

Commercial Real Estate Inventory & Zoning

Billings features diverse CRE submarkets, including:

• Central Business District (CBD): A vibrant area with offices, retail, and mixed-use properties.
• Industrial Corridors: Located near major highways, these areas are ideal for warehouses and distribution centers.
• Medical and Innovation Districts: Growth areas for healthcare and technology companies.

The city actively supports development through favorable zoning regulations and incentives. Explore the Billings City Zoning Map for detailed zoning information.

Major Employers and Institutions

Key employers driving CRE demand in Billings include:

• Billings Clinic: A leading healthcare provider with a substantial campus.
• ExxonMobil: Operates a significant refinery in the area.
• Montana State University Billings: A prominent educational institution contributing to the local economy.

For more information, visit the Billings Chamber of Commerce Business Directory.

Notable Commercial Developments & Projects

Billings is witnessing several large-scale development projects:

• West End Development: A mixed-use project featuring retail, office, and residential units.
• Opportunity Zones: Designated areas offering tax incentives for investors.

To learn more, visit the City of Billings Planning Department.

Building Permits, Planning, and Development Tools

Access essential resources for development in Billings:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Leverage public data to make informed investment decisions:

• Census.gov
• City of Billings Open Data Portal
• Economic Impact Reports

Explore Brevitas-powered dashboards for detailed insights on Billings' CRE market.

Why Use Brevitas for Billings, Montana CRE?

Brevitas offers a suite of AI-driven tools tailored for CRE professionals in Billings:

• AI-Powered Discovery: Uncover opportunities with intelligent property searches.
• Real-Time Market Alerts: Stay informed with timely notifications.
• Smart Property Pages: Access comprehensive information on listings.
• Dealroom Collaboration: Enhance teamwork and communication.

Unique features include:

• Auto-Generated Listing Pages
• Email and Landing Page Tools
• Broker and Developer Integration
• Exclusive Listings and Premium Exposure

Visit Brevitas Billings CRE for more information.