Receive current data & quarterly reports on the Self Storage Market in Missoula and throughout Montana! Sign Up Here For Our Newsletter! WAYS TO MAXIMIZE VALUE WHILE THE MARKET IS HOT While cap rates have stabilized over the past quarter, the recent drop in interest rates could cause some compression as investors take advantage of […]
Missoula Apartment Investing Isn’t for the Faint of Heart Activity surrounding Missoula apartment properties has ramped back up from its 2018 slump thanks to the return of rock-bottom 10 year treasury rates (1.647% as of this writing). Because apartment buildings that are marketed well are usually mobbed with activity, finding a solid investment property in […]
Missoula’s Strong Job Growth Sustains Demand for Commercial Space Missoula experienced job growth of 2.8% year-over-year from 2018 with growth projected (according to Moody’s Analytics) to continue in a more subdued fashion in 2020. This has translated into a 4.3% gain in personal income growth in Missoula thus far. That personal income growth has helped […]
Rent Growth and New Development Slows in Montana by Claire Matten, Sterling CRE Advisors The 2018 year-end trend of plateauing rents and rate declines in larger metropolitan areas has finally started to infiltrate the Montana self-storage market. A recent study has shown that the Missoula market has been one of the only markets in Montana […]
How does the Missoula apartment market look and where is it going? Historically, warm weather outside has equated to tighter inventory in the Missoula apartment market. This trend has continued in 2019, with the overall vacancy rate across all units dropping from 5.99 in Q1 to 4.74% for Q2. This closely mirrors regional trends in […]
Missoula’s office and retail markets experienced healthy sale and leasing activity throughout 2018. At year-end there were sixty-eight (68) transactions recorded between both property types with thirty-four (34) transactions dedicated to retail properties and thirty-four (34) acquisitions attributed to office buildings. MISSOULA OFFICE MARKET UPDATE The median sale price per square foot for office property […]
2019 Q1 Update from Sterling CRE – Multi-family housing units have long captured the interest of investors across the country. The relative stability of the asset class, coupled with the availability of favorable financing terms through Fannie Mae and Freddie Mac, have made apartments a safe haven for investment capital. The thinking goes that empty […]
The industrial sector experienced a banner year in terms of absorption and net occupancy growth in 2018, and experts are predicting very little softening heading into 2019. The combination of limited inventory and high utilization rates of existing footprints should continue to prove favorable for industrial owners and developers moving forward. Nationally, the industrial […]
Q4 – Self Storage Snapshot Whispers of overbuilding and an oversaturated self-storage market have failed to keep investors away and acquisition activity of existing self-storage facilities across the country remained strong in Q4 2018. While rent growth has slowed to single digit numbers (3-5%) in many markets alongside other markets reporting declining figures, occupancy rates are […]