Missoula Midtown Market Minute

What’s up in Missoula’s Midtown? Hey Missoula, get ready for the Midtown Minute, some quick real estate and development news from the center of the city. The old Fat Cat building continues to take shape, with Horizon Credit Union planning to move in once renovation wraps up. With about 5000 square feet under construction, we’ll […]

Montana Pet Friendly Rentals

Pet Friendly Rentals in Montana: Pros & Cons Allowing pets in rental units has long been a fraught topic. Especially in pet-friendly towns like Missoula, Billings, and Bozeman, there is a dearth of available rental properties that accommodate animals. What’s a landlord – or a renter – to do? Cons Any animal can cause a […]

Wait – Where is Missoula Midtown Exactly?

Master Plan Recommends New Missoula Midtown Boundary – And We’re Here For It  Master Plans are spawning around Montana. Sign up for Sterling CRE weekly emails to keep up on master plan news across the state.  Emily Brock presented an updated Midtown Master Plan at the Missoula Redevelopment Agency meeting on June 17 (you can […]

Montana Microsewers: Clever? Or Crappy?

What are Microsewers and how can Montana benefit? In housing constrained markets like Missoula, Montana, developable land with existing infrastructure is hard to come by. Connecting to city sewer costs, on average, $3,206 – and that doesn’t account for trenching, labor, and other costs developers incur.  And that’s if city sewer is available. If the […]

Missoula Housing Preferences Shifting

Missoula Housing | Prospective Buyers Switching It Up  The last best place has become the first and best option for people looking to move. It’s not just out of staters, either. Montanan’s are leaving smaller cities for job opportunities in larger markets like Billings, Missoula, and Bozeman. As the demographics change in these cities, what […]

A Little Ice Cream and BIG Commercial Projects around Missoula

Get the inside scoop on Missoula commercial projects  Hey, What’s That Missoula? We’re in the midst of another busy Missoula summer and we all know what that means: lots of construction while the weather is favorable. But before we get into all the dirt moving around town, let’s talk about something a little more fun. […]

Are Short Commutes Behind the Montana Population Boom?

National Association of Home Builders Notes Housing Boom in Areas with Short Drive Times  We’ve all heard about nightmarish commute times, with some folks clocking hours a day behind the wheel or on a train to get to work. Palmdale, California came in with the longest commute times at 85 minutes, followed closely by other […]

Missoula Vacancy Rate Falls in Midyear 2021

Missoula Apartment Vacancy Rate for 2021  As the vacancy rate continued to drop in Missoula in 2021, Nick Chaussee checks in with the midyear report on multifamily properties. The vacancy rate for apartments came in at 0.38%. At under one percent, Missoula is far from a healthy apartment vacancy rate of closer to four […]

Bulking Up the Missoula Housing Development Pipeline

How Can Missoula Get More Housing in Development? Our most recent point in time survey shows an apartment vacancy rate of .38% in Missoula. Not only is housing hard to come by, it’s expensive – not just to buy or rent, but expensive to build. But there are solutions to the housing development conundrum in […]

CRE 101: Limited Partnerships in Montana

 If you keep up with Sterling CRE market analysis, you know that commercial assets are hard to come by in some of Montana’s hottest markets, like Missoula and Bozeman. So, how can you get into commercial real estate investment when direct ownership isn’t an option? How does that work?   Sometimes, Montana CRE limited […]