2025 Year in Review: Missoula Multfamily

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 investors should evaluate their portfolios moving into 2026.

Matt Mellott, CCIM | SIOR breaks down what these trends mean for owners, developers, and buyers, from the implications of a sustained development pipeline to the factors limiting transaction velocity today. Watch the full video for perspective on where pricing, demand, and deal activity are likely to head as financing conditions and capital markets continue to recalibrate.

 

Matt Mellott, CCIM | SIOR

Matt Mellott, CCIM | SIOR, is the Managing Partner and a Commercial Real Estate Advisor at Sterling Commercial Real Estate. With a career rooted in precision and discipline, Matt brings unparalleled expertise to Montana's commercial real estate market.
Q3 2025

Bozeman Multifamily Update

SterlingCRE’s latest report distills the key shifts influencing performance across the Bozeman multifamily market and surfaces the considerations that will matter most heading into 2026.

SterlingCRE Advisors
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.