Meet Nick Chaussee

Like most Montanans, Nick Chaussee has a few irons in the fire. In addition to being a full time broker with Sterling Commercial Real Estate (CRE) Advisors, he’s also studying for the CCIM designation and co-owns a metal fabrication company. (Not sure how to pronounce Chaussee? Just think show-say). Initially on track for a Finance […]

Missoula’s Apartment Market Research

Missoula’s apartment market waged a solid performance in the second quarter of 2020. What’s the upshot? Limited New Apartments In the first half of 2020, 82 units have delivered. An additional 90 are under construction. Missoula’s apartment market is on pace to see a 35% decrease in deliveries over 2019. Vacancy Rate Stable The second […]

Childcare in Missoula: Work Perk?

Hyped as a premium benefit for parents, on-site childcare seems to be the wave of the future. Missoula’s Childcare Problem With kids ranging from just a fews weeks old to teenagers, the Sterling team is very familiar with the challenges of securing childcare. We know about Missoula’s lack of childcare availability. Gaps in childcare across […]

Coming Soon in Missoula: Lululemon and Road Construction

Hey, What’s That Missoula? What’s happening around town? In episode 14, Claire and Matt talk new projects in Missoula: a Lululemon, road construction on Reserve and a new home for Mismo Gymnastics. We also have the dirt on new industrial and apartments coming to Missoula. Subscribe to our YouTube channel here to stay up to […]

Missoula’s Industrial Real Estate Market Update

Interested in the latest research on Missoula’s Industrial Real Estate Market? Market Activity 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 […]

Housing Affordability in Missoula | Part 3

Check out our final video on housing affordability in Missoula. In parts one and two, Matt Mellott, CCIM, covered the reasons why affordable housing is a challenge. In part three, Matt explores some of the remedies for the affordable housing conundrum. Creating affordable housing is a complex issue. Every year, it gets a little more […]

Why is Housing Expensive in Missoula? Part 2

Why is housing so expensive in Missoula? Learn more in part 2 of Sterling CRE’s series on affordable housing. We’re answering questions like, what factors drive up housing prices? Matt digs into local data to show the trends guiding Missoula’s housing availability. Matt covers limited land, high building costs for developers, materials, and other factors […]

Why is Housing so Expensive in Missoula?

Affordable housing is a real concern for Missoulians. Missoula, as well as places like Bozeman, have seen housing prices rise precipitously in recent years.  In Missoula, the Office of Housing & Community Development reported that a majority of respondents said housing was too expensive in the 2020 Community Needs Assessment. What’s the deal with affordable housing in […]

Medical Office Building Dev. Site Just Sold!

Sterling CRE Advisors represented the buyer in the purchase of 1930 West Broadway. Once a used car lot, 1930 West Broadway will house a gastroenterology specialist. The existing buildings will be demolished and replaced with a modern medical office building. Wait times to see a gastroenterology specialist in Missoula can be up to six months. […]