Missoula CRE Update | Midyear 2021

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Maggie Collister

Missoula CRE Update | Midyear 2021

Missoula CRE Heats Up

Hey Missoula CRE investors, midyear commercial sales and leasing data are now available from Sterling CRE Advisors. What trends are apparent in the commercial real estate markets?

In the current market, an increasing number of users are willing to pay a premium for the right space.

Retail users with specific needs are seeking Class A&B spaces in high-traffic areas.

Industrial users have quite the niche demands, but dock-high loading and ease of access top the list. With only 3.9% vacancy in Missoula County’s industrial market, land suited to industrial development is becoming more attractive.

For office users, the right size space is a necessity, along with parking and quality finishes.

Multifamily investors are looking for properties with room for improvement and rent growth, with nearly 20 multifamily properties trading this year.

It’s a great time to consider selling properties that are well suited to meet growing local demands as businesses are looking to expand across the Missoula market.

Download our Missoula CRE midyear report for more market intel.

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Matt Mellott
Matt Mellott, CCIM/SIOR

Missoula CRE Update | Midyear 2021