Downtown Missoula’s Florence Building Returns to Full Occupancy
Jessica Baldwin October 29, 2026
The Florence Building’s ownership hired SterlingCRE Advisors to lease its retail and office space.
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.
The Florence Building’s ownership hired SterlingCRE Advisors to lease its retail and office space.
The City of Missoula now requires every business to list their landlord’s commercial rental license number on their business license application. The city checks that number against its records. If you don’t have a commercial rental license, or yours has expired, your tenant’s application gets flagged and stalls. The license
Missoula’s office market continues to evolve, with steady demand for well-located, functional space and limited new supply shaping the landscape.
https://youtu.be/lAnEWPcZWmc Missoula retail vacancy has been low for many years. Tenants are posting solid sales, and buyers are still competing for well-located buildings. We expect those conditions to hold through the rest of 2026. Consumer spending is strong We track interest rates, the bond market, and inflation. For retail, consumer
Montana’s economy runs largely on small businesses, and Missoula and Bozeman each generate growth in their own way.
Discover how SterlingCRE transformed the Radio Central Building in downtown Missoula from a dated, below-market asset into a trophy property that closed at an impressive $9,950,000. With a strategic renovation and a complete leasing overhaul, the team restored the building’s original charm while modernizing its systems. By replacing short-term leases
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