Decoded: Missoula Form Based Code

We Read Missoula Form Based Code (So You Don’t Have To)* The City of Missoula adopted Form Based Code for the area formerly known as the Mullan Area. It’s now called the Sx͏ʷtpqyen – pronounced S-wh-tip-KAYN- Neighborhoods. If you’re looking for the Cliff Notes for the City of Missoula and Missoula County Traditional Neighborhood Development […]

What are CRE Asset Types?

What is commercial real estate and what are asset types in the CRE world? For something that surrounds most of us everyday, there is some confusion about what commercial real estate is, and what commercial real estate advisors mean when we refer to asset classes. Find out more with Claire Matten and Matt Mellott, advisors […]

Montana Co-living and Co-housing

Co-living/Co-housing in Montana: Dorms for Adults or Wave of the Future? Is the co-living and co-housing trend making its way to Montana? Is it more than just a trend? For most people, the dorms were the last time they experienced the highs (and lows) of communal living. But in some metropolitan areas, shared spaces and […]

The Missing Middle in Montana: Is Mid-Density Housing the Future?

The Missing Middle | Montana Housing Shortages at All Price Points In Montana’s popular cities, we hear a lot about two extremes: expensive, out-of-reach homes (all the way up to million-dollar mansions) or affordable housing. What’s missing? It’s those homes (and families) in the middle. That’s where the missing middle comes into play in Montana. […]

How is a Commercial Sale Different than a Home Sale?

Is a CRE Deal Really that Different? Working through the process of buying or selling commercial real estate can be daunting. I’m Claire Matten, advisor with Sterling Commercial Real Estate. I’m here with advisor Matt Mellott to provide a high level summary of a commercial real estate sale from end to end. Taking an asset […]

Extraordinary Flexibility for Opportunity Zone Investors

Guest Post by Ross Keogh, Parsons Behle & Latimer. This has been modified to reflect further extensions provided by Notice 2021-10, which was issued on January 19, 2021. All information in this COVID-19 Response Resource issue is effective as of January 25, 2021. With Notice 2020-39 in June of 2020 the Internal Revenue Service (IRS)  paused most […]

What Does Rent Pay For?

What does rent pay for? After things like taxes, insurance, and the mortgage, what kind of profit remains? Looking at some of Montana’s rental markets, you might think: landlords must be making hay. With vacancy dipping to an all-time low of .95% in Missoula, almost every apartment in town is full. That’s similar to the […]

Future Proofing: Montana Retail Trends

What’s Next for Montana Retail Trends in the Wake of COVID-19? By Connor McMahon And how can Montana retailers future-proof? Experts have been preaching doom and gloom for brick and motor retail for years. The “Amazon effect,” increased density in urban environments and zoning changes have all been significant challenges to the retail industry. But […]

How Did Western Montana Hospitality Fare in 2021?

Hotel, motel, Holiday Inn…How did Western Montana Hospitality Rebound in 2021? Looking back on the stats for Montana hospitality, it may be tough to compare year-over-year data due to pandemic-related disruptions in 2020*. As the initial wave of the pandemic rolled out, social distancing and staycations replaced air travel and hotel stays. Many restaurants closed […]

Missoula Apartment Market Outlook | Q4 2020

Missoula Apartment Market Update Missoula’s apartment vacancy rate has dropped to a low of .95% in a survey of multifamily housing. The survey was conducted by Sterling Commercial Real Estate Advisors (Sterling CRE).  The survey captured a snapshot of the market in December 2020. Looking at 2020 survey data, apartment vacancy sat at 3.63% in […]