Interested in the latest research on Missoula’s Industrial Real Estate Market?
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 weather the economic storm best.
Demand is high from e-commerce and brick and mortar retailers looking to pivot to online sales. These companies are working to expand their network of last-mile warehouse spaces across the country, allowing for rapid delivery. Warehouse space is cheaper than retail storefront and will help retailers manage cost in the post-COVID environment.
Missoula’s industrial real estate market includes development projects that are underway. Notably, Summit Beverage is moving forward with their new location off Flynn Lane. Additionally, a new project on Sandpiper Lane near the airport will house a video production studio.