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. […]

What the TIF?

You’ve probably heard the term “TIF” in the news, usually related to new projects in a sometimes rundown part of town. Generally, TIF (Tax Increment Financing) funds are supposed to boost economic development. Many cities across Montana have TIF districts, including Missoula, Bozeman, Helena, and Kalispell. Though complex, TIF can be a useful lever for […]

Hey What’s That Missoula?

Hey Missoula! What’s happening around town? In episode 13, Claire & Matt share all of the details about the dirt moving in Missoula. This episode takes a look at new projects taking shape on the edge of Missoula as well as some redevelopment projects in town. Plus don’t miss Claire’s big announcement!  Subscribe to our […]

Office Space Trends

It’s hard to believe that in March, millions of office workers crammed onto busy highways, entered busy offices and shook dozens of hands. By April, many were questioning if anyone would ever safely go back to an office. As offices cautiously reopen, what changes are in store? Spaces will evolve for the new normal, creating […]

How Does That Work? Blend & Extend Leases Explained

So, How Does That Work? Blend & Extend Leases Explained Are you looking for a way to help your tenants out with some rent relief without damaging the value of your real estate asset? Matt Mellott, CCIM walks us through Blend & Extend leases in this episode. It’s a lot of math, but is a […]

Self Storage Positioned To Weather The Storm

Many investors in today’s market are wondering what commercial assets are viable investment opportunities given the risk of COVID-19.  In recent weeks, medical office and self-storage have emerged as assets that are resistant to market volatility. Let’s talk about the cosmetic underdog between the two and identify reasons self storage can withstand an unexpected pandemic: […]