Commercial Real Estate Report – Second Quarter 2018
A Snapshot of the Missoula Area Commercial Marketplace
Missoula experienced a 1.9% increase in the job market this past year, and future job growth is predicted to hit 40.1% over the next ten (10) years and should outpace the predicted 38.0% for the overall US average. The majority of Missoula’s workforce boom can be attributed to the influx of tech companies along with the expansion of some select healthcare and social assistance offices. As of the second quarter ending 2018, the amount of lease space absorbed for the entire year totaled approximately 69,365 total square feet with 36,003 square feet absorbed in the second quarter alone.