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Workforce Boom: Commercial Real Estate Report Q2 2018

Takeaway

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.

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. 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.

Download the full report here – or click on the image below…

 


You’re invited to contact Sterling CRE Advisors Matt Mellott or Claire Matten the next time you’re contemplating the purchase, sale or development of commercial real estate in Missoula. Matt and Claire will provide you with the market data, analysis and access to off-market opportunities to make it a success.  Sterling CRE tracks market and development data that is not available anywhere else and helps investors and developers make informed decisions on their projects.