Rising Vacancy, Rising Rents: What’s Happening in Missoula Office?
Office vacancy is up in Missoula. That’s not a shock to anyone keeping an eye on the market. But before jumping to conclusions, it’s worth asking a better question: What does that vacancy really mean? Not all empty space is bad. Having a little slack in the market can be a good thing. It gives […]
How Retail CRE Investors Can Navigate Missoula’s Market in 2025
Missoula’s current retail market presents challenges and opportunities for commercial real estate investors. Limited inventory, high construction costs, and rising interest rates make it a competitive environment. However, the steady demand for retail space and strong consumer spending create a promising outlook for 2025. Here’s how you can position yourself to capitalize on opportunities while […]
Missoula’s Reserve Street Corridor: A Thriving Hub for Retail Investment
Missoula’s Reserve Street corridor is one of Montana’s strongest areas for retail investment. As one of the busiest streets in the state, Reserve Street consistently delivers high traffic, strong demand, and a diverse mix of retail and commercial activity. For investors, this corridor offers significant opportunity. Why Reserve Street? Reserve Street is a powerhouse for […]
Missoula Among the Best-Performing Small U.S. Cities
Missoula recently ranked ninth on the Milken Institute’s annual list of the Best-Performing Small US Cities. This places Missoula among notable peers like Bend, Oregon; St. George, Utah; Idaho Falls, Idaho; Jefferson City, Missouri; Coeur d’Alene, Idaho; and Jacksonville, North Carolina. These are smaller metros with populations typically under 275,000, recognized for strong performance across […]
Looking for a New Commercial Lease in 2025? Here’s What You Need to Know
Missoula offers limited for-lease inventory across office, retail, and industrial uses. This trend, fueled by steady demand and slower development cycles, means businesses looking for space in 2025 will face competition. For companies planning a move or expansion, success will depend on clear priorities, careful preparation, and a willingness to act decisively. Here’s what you […]
From Marine Corps to Montana Real Estate: Matt Mellott on The Missoula Podcast
https://www.youtube.com/watch?v=posyEaPJLNU A recent episode of The Missoula Podcast features SterlingCRE Founder and Managing Partner Matt Mellott, sharing his unique journey and insights into Missoula’s growth and the future of commercial real estate in Montana. A Vision for Growth Matt’s story is anything but ordinary. Before launching Montana’s leading commercial real estate firms, Matt served as a […]
2024 in Review – Missoula Multifamily
https://youtu.be/VhbemFZ8y4k The multifamily market in Missoula has been relatively quiet in terms of investment sales, with limited new development over the past year. High borrowing costs and mismatched pricing expectations have kept transaction activity low. However, signs of change are emerging. With vacancies tightening and rents showing upward momentum, the market could see renewed interest […]
2024 in Review – Missoula Land
https://youtu.be/LYttHDKcals In 2024, large tracts of land—whether for residential, industrial, or mixed-use projects—have seen steady activity, with buyers focused on adding value through entitlements. On the other hand, high-priced, fully-entitled parcels have faced slower demand, with interest but limited transactions. As we move into 2025, low vacancy rates across sectors are expected to fuel more […]
2024 in Review – Missoula Leasing
https://youtu.be/CzWfgwoozr4 In 2024, limited inventory defined the office, industrial, and retail markets in Missoula. With few options available, finding the right space often required patience, quick decision-making, and clear priorities. Looking ahead to 2025, these trends are expected to continue. Businesses should start their search early and focus on understanding what’s essential versus what’s flexible […]
2024 in Review – Missoula Industrial and Montana Self-Storage
https://youtu.be/A6uKoDfL4sQ Looking back on 2024, Missoula’s industrial and self-storage markets faced a year of recalibration amidst rising interest rates and cautious investment activity. The industrial sector saw limited transaction volume but is positioned for growth in 2025. Expanding infrastructure and new industrial land availability are paving the way for more opportunities, with developers showing increased […]