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Market Watch

Commercial Development in Belgrade

Posted on January 30, 2025

Big news for Belgrade, Montana! Outlaw Real Estate Partners has officially kicked off construction on a brand-new industrial development on Frank Road, marking a significant step forward for the region's economic growth. This exciting project will bring much-needed industrial space to the Bozeman valley, catering to the increasing demand fueled by the area's impressive population growth.

Located in Belgrade's industrial corridor, south of I-90 and conveniently close to Yellowstone International Airport, the 21.36-acre site is prime real estate. This strategic location positions the development perfectly to serve businesses and contribute to the continued expansion of the local economy. The project's first phase is anchored by Ferguson, a leading distributor in the North American construction market. They'll occupy an impressive 88,000ft² facility featuring a warehouse, distribution center, office space, and showroom. This state-of-the-art facility will significantly bolster Ferguson's ability to serve construction and design professionals in the area.

Phase two promises even more opportunity, with over ten acres slated for development. Plans include 125,000ft² of Class A space, designed to accommodate either a single large tenant or multiple smaller businesses. Construction for this phase is projected to begin in early 2026, with occupancy targeted for mid-2027.

This development is a testament to the thriving business environment in the Bozeman area and will hopefully attract new businesses and foster positive economic development in the Gallatin Valley. 

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