The Billings Industrial Market has seen good activity in the 10,000-20,000 square foot market while the small warehouses with yard space have seen some slow down due to the continual decrease in oil and gas activity. The micro warehouse (1,000–1,500 SF) market continues to grow with a significant amount of units on and coming to the market spring 2017. Billings continues to draw regional industrial and distribution users and is expected to continue that growth pattern over the next few quarters.  NAI Business Properties sold or leased more than 325,000 square feet of industrial/distribution space in 2016 and expects to follow that trend in 2017.