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 […]
Could That Old Bank Be Your Next Business Location?
Vacant bank buildings are some of the most intriguing properties in the real estate market. Known for their high-quality construction, unique features like drive-throughs and vaults, and ADA-compliant amenities, these structures offer incredible adaptive reuse potential. However, their distinct “bank-like” appearance often deters traditional businesses from considering them. Why Banks Make Great Adaptive Reuse Projects […]
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 […]
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 […]
Inside MT Retail: Southgate Mall Thrives Amid Changes in Retail
In this episode of Inside Montana Retail, Connor McMahon of SterlingCRE Advisors sits down with Tim Winger, the Property Manager of Southgate Mall, to explore the evolving world of retail real estate. Despite widespread media reports about the decline of malls, Southgate Mall in Missoula, MT, continues to thrive. Discover the unique factors driving the […]
2024 Retail Trends: Fresh Concepts Winning the Space Race
In Missoula and across Western Montana, retail space has been scarce for years, with vacancy rates stubbornly low, hovering between 2% and 3%. This creates a competitive landscape for businesses seeking prime locations, giving landlords the ability to be more selective about who they lease to. The key trend we’re seeing? It’s not just about […]
Local Shops Make Holidays Shine
According to a recent informal poll conducted by the Sterling team, downtown small businesses are the preferred Christmas shopping destination among our friends in Montana. This preference isn’t surprising, as downtown areas, whether big or small, throughout the Big Sky state go all out to transform holiday shopping into a festive and enjoyable experience. […]