MT - Billings
NE - Lincoln
DEMOGRAPHICS CBSA
Billings, MT
DEMOGRAPHICS
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
4,683
155,673
63,905
$53,585
69,806
3.90%
CBSA
Lincoln, NE
MARKET HIGHLIGHTS
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
1,414
299,958
126,751
$55,280
142,514
4.00%
MARKET HIGHLIGHTS
• Three new hotels are under construction; over 300,000 SF of
• Pinnacle Bank Arena will be completed in Fall 2013
Retail is under construction; nearly 60 acres of Multi-Family Land is under development.
and will serve as a center point for the West Haymarket redevelopment project. Hotels, Retail, Offices, and upscale Residential Housing are currently being developed in the 400 surrounding acres.
• Vacancy in Industrial and Multi-Family is falling due to energy related activity in the Bakken Formation.
• CNBC’s Top States for Business 2013 ranks Nebraska as #4. • Lincoln was named the happiest place in the United States by
• Residential sales of existing inventory are up over 20% YTD. • Two new car dealerships are under construction with new
the 2012 Gallup-Healthways Well-Being Index.
truck sales hitting record highs.
• Memorial Stadium announced an expansion of the east
• A new 2 story library is opening in 2013. • A new 40 acre FedEx Hub is under construction. • The unemployment rate for the area is 3.9%.
stadium, which will allow for around 3,000 more fans to obtain season tickets to Nebraska football. Memorial Stadium is the third largest city in Nebraska on game days.
• The Nebraska Innovation Campus is a public and private
research campus being developed by the University of Nebraska-Lincoln and is currently under construction. It will contain 2 million SF of space with 500,000 SF completed within 5 years.
OFFICE
retail
industrial
multy-family
OFFICE
retail
industrial
multy-family
Vacancy
n
q
q
q
Vacancy
q
q
q
q
Absorption
n
p
p
p
Absorption
p
p
p
p
Rental Rates
q
n
p
p
Rental Rates
n
n
n
n
CONTACT
CONTACT
Coldwell Banker Commercial CBS
1215 24th St.West Billings, MT 59102 (406) 656-2001
www.cbcmontana.com
Coldwell Banker Commercial Thompson Realty Group
42
620 N 48th St. Suite 101 Lincoln, NE 68504 (402) 421-7700
www.cbcthompson.com