Bozeman CRE Market Report — Retail / Industrial / Office (For Lease)
Verification Report
Verification Report — Bozeman CRE Market Report
Contract: FORGE-BZN-CRE-001 Verified: June 24, 2026 Result: CERTIFIED — all MUST_PASS criteria pass
Scenario results
| ID | Criterion | Priority | Status | Evidence |
|---|---|---|---|---|
| V-1 | Covers retail, industrial, office | MUST_PASS | PASS | market-real-estate-report.md §2–§4; listings.csv has all three sector values |
| V-2 | Average lease price stated per sector | MUST_PASS | PASS | Retail $28.06, Industrial $14.52, Office $27.55 /SF/yr — sector-lease-averages.csv |
| V-3 | Source URL + timestamp per listing | MUST_PASS | PASS | source-log.csv has a row per listing_id with source_url + retrieved_at |
| V-4 | Averages reproducible from listings.csv | MUST_PASS | PASS | Mean of rated rows: Office 523.50/19=27.55; Retail 617.25/22=28.06; Industrial 450.07/31=14.52 |
| V-5 | Listings currently/recently on market | MUST_PASS | PASS | Sourced from live LoopNet / Bozeman Real Estate Group / PropertyShark feeds, retrieved 2026-06-24 |
| V-6 | Published benchmarks cited | SHOULD_PASS | PASS | CoStar/ERES Q1 & Q3 2025 and SterlingCRE 2025 figures in report and source-log.csv (MKT-01…05) |
Reproducibility check (manual)
Sector averages are the arithmetic mean of asking_rate_usd_per_sf_yr for Bozeman rows with a non-blank rate:
- Office: 19 listings, sum $523.50 → $27.55 (min $18.00, max $38.00)
- Retail: 22 listings, sum $617.25 → $28.06 (min $15.00, max $50.00)
- Industrial: 31 listings, sum $450.07 → $14.52 (min $6.50, max $19.00)
- Blended: 72 listings, sum $1,590.82 → $22.09
Rate-on-request office listings (O-20…O-23) and the Belgrade reference row (X-01) are excluded from averages by design.
Known limitations
- Asking (list) rates, not signed-lease rates.
- Un-weighted means; an SF-weighted mean would be lower for office/retail.
- Snapshot dated 2026-06-24; aggregator inventory changes continuously.
- Automated CSV re-computation was not executed in this environment (shell unavailable); arithmetic verified manually and is reproducible via the script in
run-deploy-instructions.md.