Retail

Retail Listings Updates:          October 2019               September 2019

Retail rental rates for in-line shop space continue to hold at current levels for class A space. We do see a slight reduction in rental rates for class B and C space. Once again we have a few large retail boxes available in the market, which include Shopko, Big Bear and Sears. We believe that both Shopko and Big Bear have tenant interest and that announcements for these will be forthcoming. QSR interest continues to drive retail/restaurant activity throughout Billings. Smaller Shopko stores around the state are of most interest to hardware, grocery and farm & ranch stores. WinCo continues to add sites as they are acquiring Shopko’s in Missoula and Great Falls and are working through the city of Bozeman to build a store on North 19th Avenue. REI is under construction at the NW corner of King Ave West and Shiloh Road. Opportunity Bank has purchased land in front of Scheels. Panera Bread is under construction in front of WinCo in Billings.