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 Vacancy Rate Falls in Midyear 2021
Missoula Apartment Vacancy Rate for 2021 As the vacancy rate continued to drop in Missoula in 2021, Nick Chaussee checks 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 […]
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 […]
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 […]
Market Report: Missoula Commercial Office
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 […]
Missoula Apartment Vacancy Report | Q3 2020
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 […]
Investors Bullish Montana Self Storage
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 Research
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 […]
Missoula’s Industrial Real Estate Market Update
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 […]
Missoula Apartment Investor Report – Year End 2019
2019 was a busy year for Missoula’s apartment market, after a slow 2018. Job growth and the resulting population growth has driven demand for housing in Missoula. Single family housing has not kept pace with demand, pushing more people into apartments. We anticipate that the market will be strong, with rent growth likely in […]