Stay informed with the latest trends, data, and expert insights on Montana’s commercial real estate market. SterlingCRE Advisors offers in-depth market reports, articles, and updates on key sectors including office, retail, industrial, self-storage and multifamily.
Montana’s economic profile has been on a positive trajectory in recent years. The state posted the fifth-fastest economic growth in the country since 2021, with real GDP up 16.1% compared to the national average of 10.8%. Wage growth ranks third nationally. Business applications hit a record in May, with more
Vacancy is up. So are rents and sale prices. That only happens when one number is hiding two different markets. Get the details in SterlingCRE Advisors’ Q2 2026 Missoula Industrial Update.
Vacancy is dropping, absorption is up and the market is moving back toward equilibrium, setting the stage for tighter conditions ahead.
Montana’s business environment is changing. Workforce availability, zoning reform, housing costs, and uneven growth across regions are influencing how companies plan, expand, and invest.
The former Roseburg Mill property, one of the most recognizable undeveloped sites along the Interstate 90 corridor, is officially being brought to market by SterlingCRE Advisors under a new name: Redtail Ridge. For decades, the Roseburg property played a meaningful role in Missoula’s economic base as part of the region’s
The former Shopko at 3101 North Montana Avenue in Helena has been largely vacant since 2019. That’s seven years on one of Helena’s primary retail corridors.
That changes this year.
Missoula’s rental market has entered a new phase. Vacancy has stabilized, the renter profile is shifting, and a wave of new supply is concentrated in specific submarkets.
Missoula works as an investment market because supply is constrained.
Bozeman came off several years of record construction. Now the market is working through it.
Sterling Commercial Real Estate (SterlingCRE) recently hosted the 10th anniversary of Missoula MarketWatch™ on Tuesday, March 3rd, 2026, celebrating a decade of gathering and sharing commercial real estate insight with local business owners, investors, developers, and community leaders. This year’s event saw record registrations, reflecting the continued interest in understanding
The 2026 Bozeman Multifamily Outlook provides a clear, data-driven view of current conditions and forward-looking considerations shaping the local apartment market.
The new year brings a leadership announcement for Sterling Commercial Real Estate Advisors as Kara Hogan, CCIM, has been named Managing Broker of our Bozeman office. Kara joined SterlingCRE Advisors in 2021 as a Transaction Manager, where she played a central role in preparing marketing materials, coordinating transaction documentation, and
Montana’s business environment is changing. Workforce availability, zoning reform, housing costs, and uneven growth across regions are influencing how companies plan, expand, and invest.
https://www.youtube.com/embed/_C6xKLgUvIQ?si=zcevqtHAHKrfNKMg Missoula’s industrial market shifted meaningfully in 2025, and the implications heading into 2026 warrant a closer look. In this year-in-review video, Claire Matten breaks down the drivers behind rising vacancy, the recalibration of lease rates, and why much of the recent availability is tied to one-time closures rather than
https://youtu.be/q2DdpMYbkgk?si=EZa8TynKnqE7-gFs Leasing activity across Missoula remained active in 2025, even as vacancy increased modestly and pricing continued to move upward across office, industrial, and retail. These conditions created more optionality—but also more competition—making preparation, positioning, and timing increasingly critical for both tenants and landlords. Joe Tredik outlines what these trends
https://www.youtube.com/watch?v=TrvbFm6PwsY Land sales activity in Missoula gained traction in 2025, driven less by volume growth and more by price realignment. Commercial and high-density residential land values in the urban core adjusted downward, enabling stalled deals to move forwardwhile limited industrial land with utility access continued to push pricing higher on
https://www.youtube.com/watch?v=67DdYkSFyzY Multifamily fundamentals in Missoula remained largely in balance through 2025, with steady new deliveries, healthy vacancy, and demand that continues to track closely with population growth. Sale transaction activity remained slow, rental performance varied by unit type, signaling a more segmented market and a shift in how owners and
https://youtu.be/uGo1LpUlg84 Missoula’s office sector closed out the year with measured shifts in vacancy, steady rent growth, and a continued preference among businesses for functional, well-equipped space. Connor McMahon outlines how these trends played out locally—highlighting the rise of owner-occupier purchases, the resilience of medical office, and the ongoing push toward
https://www.youtube.com/embed/bh1hGdIXEoc?si=_dQqFjtQpi5uGnZT Montana’s self-storage sector closed out 2025 in a period of recalibration rather than retreat. Occupancy levels normalized from post-COVID highs, rent growth moderated, and climate-controlled facilities continued to outperform across Montana markets. While fundamentals remained stable, elevated operating costs and tighter underwriting reshaped how owners and buyers approached the
https://www.youtube.com/embed/afwW08eHIsI?si=Idwiu7mgFSxrJeE3 Missoula’s office sector closed out the year with measured shifts in vacancy, steady rent growth, and a continued preference among businesses for functional, well-equipped space. Connor McMahon outlines how these trends played out locally, highlighting the rise of owner-occupier purchases, the resilience of medical office, and the ongoing push
Bozeman’s multifamily market is in a period of oversupply, driven largely by a wave of new development.
