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 of offices went dark after Governor Bullock announced a statewide stay-at-home order at the end of March.
In turn, office sales activity declined sharply once workplaces, schools and government offices shuttered. Since April, only one commercial office transaction has been completed in Missoula County.
Contact Claire Matten for more information on Montana’s office market.