Missoula Vacancy Rate Falls in Midyear 2021

Missoula Apartment Vacancy Rate for 2021  As the vacancy rate continued to drop in Missoula in 2021, we checked back in with the midyear report on multifamily properties. The vacancy rate for apartments came in at 0.38%. At under one percent, Missoula is far from a healthy apartment vacancy rate of closer to four to […]

Bulking Up the Missoula Housing Development Pipeline

How Can Missoula Get More Housing in Development? Our most recent point in time survey shows an apartment vacancy rate of .38% in Missoula. Not only is housing hard to come by, it’s expensive – not just to buy or rent, but expensive to build. But there are solutions to the housing development conundrum in […]

CRE 101: Limited Partnerships in Montana

 If you keep up with Sterling CRE market analysis, you know that commercial assets are hard to come by in some of Montana’s hottest markets, like Missoula and Bozeman. So, how can you get into commercial real estate investment when direct ownership isn’t an option? How does that work?   Sometimes, Montana CRE limited […]

Where are Montana’s Opportunity Zones?

Find Montana’s Opportunity Zones – and Learn What Makes These Locations Desirable.  In 2017, Montana’s Opportunity Zones were created to attract investment to targeted regions. Put simply, Opportunity Zones are meant to bring money into low-income areas. Investors can roll the profit from a business deal into an Opportunity Zone project – there are several […]

Montana Rental Application Fees on Chopping Block?

In Montana, apartment rental application fees were up for debate briefly in the legislature. While that bill (SB241) didn’t make it out of committee, it’s likely not the last time this issue will surface, as application fees have raised plenty of questions in places like Bozeman, Missoula, and other desirable Montana cities with growing populations.  […]

Missoula Costco Expands: Hey, What’s That?

Missoula Costco Expands, The Hip Strip Gets a New Kind of Sunday School and Big Changes on Brooks Street. Hey, What’s That Missoula? The former Clyde Coffee location is now occupied, the planning pipeline is making headway, and lots of dirt is moving at the old Summit Beverage site. When Clyde Coffee moved down the […]

Do You Want to Live/Work in Montana?

Who doesn’t want to live/work under the Big Sky? Live/Work Projects make headway in Montana.  With more entrepreneurs per capita than any other state in the nation, there’s no short supply of hustle in Montana. It makes sense that live/work style units are successful in the state, namely in Bozeman and Billings.  In Missoula, a […]

Montana CRE: Hey, What’s That?

Montana CRE Projects Across the State Get Montana Market Data Here | Check out Listings Here  The Armory Hotel makes a splash in Bozeman, the community development block grant deadline spring cycle opens up, and fast food joints are making big moves across the state. Hey, What’s That Montana? The Sterling Commercial Real Estate […]

Ask a Builder: Missoula Housing Outlook

Montana Builder on the outlook for housing in Missoula and changing consumer preferences  “A lot of smart people have been working on this for years.” That’s what Ryan Frey with Saddle Mountain Construction says of Missoula’s housing crunch. As a home and commercial builder with 20+ years of experience, he’s intimately familiar with the ongoing […]