Missoula’s Apartment Market Research
Missoula’s apartment market waged a solid performance in the second quarter of 2020. What’s the upshot? Limited New Apartments In the first half of 2020, 82 units have delivered. An additional 90 are under construction. Missoula’s apartment market is on pace to see a 35% decrease in deliveries over 2019. Vacancy Rate Stable The second […]
Childcare in Missoula: Work Perk?
Hyped as a premium benefit for parents, on-site childcare seems to be the wave of the future. Missoula’s Childcare Problem With kids ranging from just a fews weeks old to teenagers, the Sterling team is very familiar with the challenges of securing childcare. We know about Missoula’s lack of childcare availability. Gaps in childcare across […]
Missoula’s Industrial Real Estate Market Update
Interested in the latest research on Missoula’s Industrial Real Estate Market? Market Activity Missoula’s industrial market has been active with transactions throughout 2019. A lull in Q1 2020 transactional volume was mainly driven by pandemic-related concerns, though that has been true across all asset types. Of all real estate asset types, industrial is expected to […]
Why is Housing Expensive in Missoula? Part 2
Why is housing so expensive in Missoula? Learn more in part 2 of Sterling CRE’s series on affordable housing. We’re answering questions like, what factors drive up housing prices? Matt digs into local data to show the trends guiding Missoula’s housing availability. Matt covers limited land, high building costs for developers, materials, and other factors […]
Is the Office Dead? Why Work From Home Won’t Replace Traditional Office Space (For Now)
Changes are coming to your office in the wake of the pandemic. The crisis sent thousands home to work from ad hoc offices at kitchen tables. Work from home (WFH) arrangements ramped up quickly around Missoula and across the state. As the economy reopens, office space is likely to get a safety makeover. Some advocates […]
Medical Office Building Dev. Site Just Sold!
Sterling CRE Advisors represented the buyer in the purchase of 1930 West Broadway. Once a used car lot, 1930 West Broadway will house a gastroenterology specialist. The existing buildings will be demolished and replaced with a modern medical office building. Wait times to see a gastroenterology specialist in Missoula can be up to six months. […]
What the TIF?
You’ve probably heard the term “TIF” in the news, usually related to new projects in a sometimes rundown part of town. Generally, TIF (Tax Increment Financing) funds are supposed to boost economic development. Many cities across Montana have TIF districts, including Missoula, Bozeman, Helena, and Kalispell. Though complex, TIF can be a useful lever for […]
Hey What’s That Missoula?
Hey Missoula! What’s happening around town? In episode 13, Claire & Matt share all of the details about the dirt moving in Missoula. This episode takes a look at new projects taking shape on the edge of Missoula as well as some redevelopment projects in town. Plus don’t miss Claire’s big announcement! Subscribe to our […]
Office Space Trends
It’s hard to believe that in March, millions of office workers crammed onto busy highways, entered busy offices and shook dozens of hands. By April, many were questioning if anyone would ever safely go back to an office. As offices cautiously reopen, what changes are in store? Spaces will evolve for the new normal, creating […]
How Does That Work? Blend & Extend Leases Explained
So, How Does That Work? Blend & Extend Leases Explained Are you looking for a way to help your tenants out with some rent relief without damaging the value of your real estate asset? Matt Mellott, CCIM walks us through Blend & Extend leases in this episode. It’s a lot of math, but is a […]
