Billings, MT
Commercial Real Estate Market Trends & Data

$247 Avg asking sale price
$79,511 Avg asking lease rate
49,792 SF Avg unit lease size
16,388 SF Avg building size for sale
5.55% Average cap rate

Billings's Demographic Profile

Billings has 54,741 households and a median income of $69,842, providing context for rent absorption and tenant demand across retail and multifamily assets. A +8% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 129,853
# Households 54,741
Median age 39
Median household income $69,842
Avg household size 2.0
Renter-occupied housing units 20,827
5-year population change +8%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Billings, MT

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Retail Markets Avg Cost/SF Typical Size
Billings $490 13,101 SF
Laurel $168 3,253 SF
Park City $60 2,880 SF
Hardin $116 4,266 SF
Lovell $130 1,920 SF

Commercial Properties For Sale in Billings

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Billings, MT - West End Medical Office

Billings, MT 59106

  • 5,575 SF Office Building
  • $2,230,000
For Sale

NAPA Auto Parts

Billings, MT 59101

  • 12,719 SF Retail Building
  • 4.87% Cap Rate
  • $1,200,000
For Sale

Stahl Street Multifamily Development

Billings, MT 59106

  • 11.56 AC Lot
  • 1 Residential Income Lot
  • $3,280,000
For Sale

21 Acres on Skyway Dr

Billings, MT 59106

  • 21.67 AC Lot
  • 1 Residential Income Lot
  • $650,100
For Sale

Shiloh Crossing Pad Site

Billings, MT 59102

  • 0.56 AC Lot
  • 1 Commercial Lot
  • $955,000
For Sale

SHILOH CROSSING PAD SITE

Billings, MT 59102

  • 0.63 AC Lot
  • 1 Commercial Lot
  • $955,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Billings pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Billings $247 16,388 SF
Laurel $95 22,620 SF
Acton $206 5,824 SF
Park City $60 2,880 SF
Joliet $333 1,800 SF

Multifamily Properties For Sale in Billings

For Sale

Annafeld Marketplace

Billings, MT 59101

  • 30,762 SF Multifamily
  • 5.32% Cap Rate
  • $7,988,000

Regional Demographic Comparison

This comparison places Billings alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Billings or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Billings 129,853 54,741 39 $69,842 2 20,827 8%
Laurel 7,814 3,210 40 $69,316 2 1,096 8%
Park City 936 377 48 $75,909 2 64 8%
Joliet 605 283 47 $62,500 2 97 15%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Billings, MT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Billings

View All Commercial Real Estate For Sale in Billings
Is Billings a good market for a first-time commercial real estate investor?

Billings offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Billings?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Billings. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Billings?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Billings. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Billings compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Billings. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Billings acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Billings, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports