Bozeman multifamily vacancy has seen an increase in vacancy rates, according to a report from the Sterling Commercial Real Estate Advisors research team. In the fourth quarter of 2022, the multifamily vacancy rate in Bozeman rose to 4.06%, double the rate from the same period the previous year. As a result of the increase in …
Housing Construction Picks Up Speed in Missoula The Q3 2021 Missoula multifamily market survey identified an uptick in multifamily construction and permitting. What’s more, local news sources verify that Missoula housing construction has made big strides across the county. As of Q3, 1,145 building permits had been issued in 2021. This represents an increase of …
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 five …
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 …
Bulking Up the Missoula Housing Development Pipeline Read More »
Missoula Apartment Market Update [download_after_email id=”1768″] 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 …
As of April first this year, eleven commercial office transactions had been completed in Missoula County. Since a typical year sees about 30 total office building deals, 2020 looked to be a normal – and perhaps even busy – year for the office market. Even as 2020 looked to be a busy year, the majority …
Research Confirms Missoula Apartment Vacancy Woes A survey of over 5,600 market rate apartment units in Missoula found a vacancy rate of 1.2%. The survey also found increasing rents and no incentives. “Last year at this same time, the vacancy rate was 3.3%,” said Matt Mellott of Sterling CRE Advisors. “Everyone in the rental market …
Montana Self Storage Insights from Claire Matten, CCIM Almost from the start, 2020 has been clouded with uncertainty. And though so much still feels unclear in Q3, Montana self storage is a safer place than ever to invest. As PPP money runs out, shutdowns persist, and unemployment sputters along many feel lost in the woods …
Missoula’s apartment market waged a solid performance in the second quarter of 2020. What’s the upshot? Limited New Apartments In the first half of 2020, 82 units have delivered. An additional 90 are under construction. Missoula’s apartment market is on pace to see a 35% decrease in deliveries over 2019. Vacancy Rate Stable The second …
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 …
