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 weather the economic storm best.
Demand
Demand is high from e-commerce and brick and mortar retailers looking to pivot to online sales. These companies are working to expand their network of last-mile warehouse spaces across the country, allowing for rapid delivery. Warehouse space is cheaper than retail storefront and will help retailers manage cost in the post-COVID environment.
What’s New
Missoula’s industrial real estate market includes development projects that are underway. Notably, Summit Beverage is moving forward with their new location off Flynn Lane. Additionally, a new project on Sandpiper Lane near the airport will house a video production studio.
