2018 Multifamily Development Update – Missoula, MT

By Claire Matten, Advisor, Sterling CRE The apartment rental market has been exceptionally strong since 2014 in Missoula thanks to millennials forming new households, 30 – 40 year olds remaining in multifamily, and baby boomers downsizing to apartments.  Missoula’s status as a leading destination for retirees has also impacted the rental market and will likely […]

Opportunity Zones In Practice

by Ross P. Keogh, MA, JD | Worden Thane P.C. The 2017 Tax Act created a new economic development tool known as “Opportunity Zones.”  26 USC § 1400Z-(2).  Opportunity Zones are census tracts that were selected by the Governor of each state in early 2018.  The zones are fixed, and each state has at least 25 […]

Emerging Trends Report on Commercial Real Estate – How does Montana fit in?

by Matt Mellott, CCIM Skate to where the puck is going, not where it has been. Though perhaps the most overused cliche in all of business, this is the key to success in most predictive investment ventures.  To do that, you as a commercial real estate investor, owner-occupant or tenant need to keep your eye on […]

Q3 Self Storage Snapshot – Sterling CRE Research

An Overview of the Local and National Self-Storage Investment Marketplace in Missoula and Surrounding Markets by Claire Matten, Advisor, Sterling CRE Advisors Investors Look For Opportunity in Montana Self-Storage Access to capital and financing for new development continues to be available, however there are signs in larger markets that development yields are tightening.  Costs of construction, […]

In The News – Aviation Way Commercial Center

Developer to meet Missoula’s light-industrial needs with 130,000 SF “flex building” By Martin Kidston As seen in the Missoula Current A local business owner and part-time developer is going all in on a piece of property located near Missoula International Airport, where he intends to build a flex warehouse to meet the city’s unmet needs […]

Commercial Real Estate Report – Q2 2018

A Snapshot of the Missoula Area Commercial Marketplace Missoula experienced a 1.9% increase in the job market this past year, and future job growth is predicted to hit 40.1% over the next ten (10) years and should outpace the predicted 38.0% for the overall US average. The majority of Missoula’s workforce boom can be attributed […]

Q2 SELF STORAGE SNAPSHOT

An Overview of the Local and National Self-Storage Investment Marketplace in Missoula and Surrounding Markets by Claire Matten, Advisor, Sterling CRE Advisors Click here or the image below to view the FULL REPORT

SOLD! – The Storage Center, Missoula

MISSOULA, MONTANA – Sterling CRE Advisors Matt Mellott and Claire Matten represented the buyer in negotiating the sale of a 215-unit self-storage facility at 1870 S. Reserve Street, in Missoula, Montana. The Storage Center  is a 27,100 square foot facility on approximately 1.72 acres and  was listed at $1,995,000.  The buyers capitalized on the excellent occupancy rate […]

Rare Downtown Missoula Location For Lease

Seize this rare opportunity for downtown restaurant/retail space along busy N. Higgins Ave! With the Merc, Roam Student Housing and other exciting projects in the works, business is absolutely booming downtown. Located on the 400 Block of the main north/south thoroughfare downtown, this 1900’s era building has plenty of Old Missoula charm. (Photos below are […]

Commercial Real Estate Report – Q1 2018

A Snapshot of the Missoula Area Commercial Marketplace Missoula’s office and industrial vacancy rates continue to outperform both regional and national rates, further fueling the demand for flex/warehouse development.  Average rents for office, industrial, and retail properties in Missoula all saw an increase in overall asking rates compared to one year ago. With an influx […]