As we wrap up 2024, the retail and office markets in Missoula showed resilience in the face of some serious challenges.
Retailers dealt with high construction costs, elevated interest rates, and persistent staffing pressures, but the story isn’t all tough news. Many businesses in Missoula are thriving, with strong in-store sales driving plans for new locations across Western Montana.
In the office market, it was a steady year. Vacancy and lease rates held firm, with Missoula continuing to outperform national trends. While new office space development and absorption were limited, stability was the name of the game for this asset class.
As the market evolves, having the right insights is essential for making confident decisions. Connect with SterlingCRE Advisors to explore how the conditions ahead could impact your business or investments and to develop a strategy that works for you.
