Billings, MT Commercial Real Estate for Lease and Sale

Explore 183 listings of Billings commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

2223 Montana Ave

2223 Montana Ave, North Park, Billings, MT
Property

Office

4,680 SF
Availability

1 Space

4,680 SF
For Lease

$8,638.00/MO
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Plaza Main Condominium

926 Main Street, Billings Heights, Billings, MT
Property

Office

31,000 SF
Availability

1 Space

1,200 SF
Year Built

1984
For Lease

$18.00/SF/YR
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3470 Gabel Road

3470 Gabel Road, West Billings, Billings, MT
Property

Office

11,540 SF
Availability

1 Space

2,745 SF
Year Built

2008
For Lease

$16.00/SF/YR
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723 Wagon Trail

723 Wagon Trail, 80th Street Estates - West Meadows, Billings, MT
Property

Industrial
Availability

1 Space

10,144 SF
For Lease

$11.00/YR
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2702 Montana Ave

2702 Montana Ave, South Side Billings, Billings, MT
Property

Office

1,450 SF
Availability

1 Space

1,450 SF
For Lease

$11.25/SF/YR
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1777 Majestic Ln

1777 Majestic Ln, West Billings, Billings, MT
Property

VacantLand
For Sale

$1,634,000
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South Shepherd Storage

6725 Highway 312, Northeast Billings, Billings, MT
Property

Industrial

27,350 SF
For Sale

$1,600,000
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711 Central Ave

711 Central Ave, Central - Terry, Billings, MT
Property

Office

33,348 SF
Availability

1 Space

33,348 SF
For Lease

$12.00/SF/YR
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5317 Grand Avenue

5317 Grand Avenue, Northwest Shiloh, Billings, MT
Property

Retail

5,400 SF
Availability

3 Spaces

15,300 SF
For Lease Contact for pricing
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4015 1st Avenue South

4015 1st Avenue South, South Side Billings, Billings, MT
Property

Industrial

2,300 SF
Availability

1 Space

1,336 SF
Year Built

1946
For Lease

$12.00/SF/YR
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Zimmerman Lots: Lot 1

Zimmerman Trail, Northwest Shiloh, Billings, MT
Property

VacantLand
For Sale

$1,280,664
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2048 Overland Ave

2048 Overland Ave, West Billings, Billings, MT
Property

Office

12,387 SF
Availability

1 Space

12,387 SF
Year Built

1984
For Lease

$1,188.00/MO
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3508 S. Frontage Road

3508 S. Frontage Road, South Side Billings, Billings, MT
Property

VacantLand
For Sale

$1,597,715
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Paint Doctor

1005 Main St, Billings Heights, Billings, MT
Property

Industrial

6,500 SF
For Sale

$1,400,000
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King Ave E Lot - 1.59 Acres

4620 King Avenue E, Southwest Corridor, Billings, MT
Property

VacantLand
For Sale

$1,099,000
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1319 Main St

1319 Main St, Billings Heights, Billings, MT
Property

Retail

17,200 SF
Availability

1 Space

17,200 SF
For Lease

$7.50/SF/YR
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1223 Grand Ave

1223 Grand Ave, Highland, Billings, MT
Property

Other

7,462 SF
Year Built

2005
For Sale

$2,850,000
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Main St

Main St, East Central Billings, Billings, MT
Property

VacantLand
For Sale

$931,226
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HDR Buildings

970 S 29th St W, West Billings, Billings, MT
Property

Office

42,348 SF
Year Built

2007
For Sale

$4,636,000
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1611 Alderson Ave

1611 Alderson Ave, East Central Billings, Billings, MT
Property

Office

1,100 SF
Availability

1 Space

1,100 SF
Year Built

1978
For Lease

$1,850.00/MO
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1.00 Acres 4550 King Avenue East Lot 6A-1

1.00 Acres 4550 King Avenue East Lot 6A-1, Southwest Corridor, Billings, MT
Property

VacantLand
For Sale

$784,080
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206 S Plainview St

206 S Plainview St, East Central Billings, Billings, MT
Property

Industrial

83,040 SF
For Sale

$6,500,000
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S Billings Blvd

S Billings Blvd, Central - Terry, Billings, MT
Property

Office

33,348 SF
Availability

1 Space

33,348 SF
For Lease

$12.00/SF/YR
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4800 Helfrick Rd

4800 Helfrick Rd, Greater Billings, Billings, MT
Property

Industrial

10,416 SF
For Sale

$895,000
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Minnesota Ave Historic Property

2712 Minnesota Ave, South Side Billings, Billings, MT
Property

Retail

12,231 SF
Year Built

1894
For Sale

$295,000
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Annafeld Live-Work

6170 Elysian Road, Blue Creek - Duck Creek, Billings, MT
Property

Retail

8,650 SF
Year Built

2023
For Sale

$499,750
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Billings commercial real estate market incorporates 979,652 square feet of office space across 56 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Billings commercial real estate market includes 371,893 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Billings market, there is a total of 761,892 square feet of industrial property.

The listing inventory in Billings incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Billings is represented by Industrial space, which accounts for 538,237 square feet of available listings. Office space available in Billings adds up to 349,285 square feet.

Meanwhile, most of the listings of commercial property for sale in Billings are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Billings is $12.22 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Billings can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Billings, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Billings is in the North Park neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the North Park area.

Meanwhile, retail space opportunities are most abundant in the Billings Heights submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in South Side Billings.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $26 per square foot. In particular, the property type commanding the highest lease rates in Billings was Retail space.

The average size of a commercial property in Billings depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Billings, the average size of an office property is 25,781 square feet.
Retail properties here incorporate an average of 17,710 square feet.
Industrial space in Billings is in buildings that are, on average 27,211 square feet in size.

Billings, MT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Billings currently add up to 1,057,933 square feet. The market offers 50 active office listing(s), which amount to 378,376 square feet and account for 49% of commercial spaces on the market. Local retail availability includes 96,684 square feet across 18 retail space(s). Industrial space for rent opportunities in Billings amount to 528,878 square feet across a total of 30 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	50	378,376
Retail	18	96,684
Industrial	30	528,878
Other	4	53,995

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Billings, MT. Currently, there is 1,184,748 square feet of commercial property for sale here , which includes 9 office building(s) for sale , 8 retail investment opportunity listing(s) , and 30 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	9	108,178
Retail	8	172,921
Industrial	30	346,573
Other	55	557,076

Billings, MT Commercial Real Estate for Lease and Sale

2223 Montana Ave

Plaza Main Condominium

3470 Gabel Road

723 Wagon Trail

2702 Montana Ave

1777 Majestic Ln

South Shepherd Storage

711 Central Ave

5317 Grand Avenue

4015 1st Avenue South

Zimmerman Lots: Lot 1

2048 Overland Ave

3508 S. Frontage Road

Paint Doctor

King Ave E Lot - 1.59 Acres

1319 Main St

1223 Grand Ave

Main St

HDR Buildings

1611 Alderson Ave

1.00 Acres 4550 King Avenue East Lot 6A-1

206 S Plainview St

S Billings Blvd

4800 Helfrick Rd

Minnesota Ave Historic Property

Annafeld Live-Work

Frequently Asked Questions

Billings, MT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Billings, MT Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Billings, MT?

What factors affect the price of commercial real estate in Billings, MT?

What is the average rent for commercial space in Billings, MT?

What are the best areas for commercial real estate in Billings, MT?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Billings, MT?

Billings, MT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

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Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us