WHY BOZEMAN?

Since 2010, Bozeman has seen a population growth of more than 45%, wh impressive rate of almost 10% from 2021 to 2022. This growth has primari millennials from expensive markets, resulting in an estimated 46% job grow With an average household income of $94,855 and 68% of the population h city has become a hub for young professionals seeking opportunities.

The population growth has created a demand for rental units that far excee leading to a yearly increase of 9.6% in rents and a vacancy rate of just 2.2% Similarly, the for-sale housing market has experienced a surge in demand, over-year increase in pricing and an average of just 24 days on the market.

Bozeman's commercial real estate sector has also seen remarkable growth rents have increased by over 95%, and year-over-year rent growth has bee rate of just 1.7% in the fourth quarter of 2022. The hospitality market in Bo submarket in the state, with high average daily rates, revenue per available due to the city's status as a thriving tourism hub and its busy airport.

Lastly, Bozeman's retail sector has experienced a steady increase in rent, w year and a 77.2% increase over the past decade, driven by a vacancy rate o

PHASE

BOZEMAN HAD 21.5%

YEAR-OVER-YEAR RENT

GROWTH AS OF THE SECOND QUARTER OF 2022 AND A MULTIFAMILY OCCUPANCY OF 99.2%

RENDERING