Great Falls

Markets

Great Falls

Great Falls, Montana, located in the central part of the state, is a key regional hub for trade, transportation, and healthcare. With a smaller population than cities like Billings or Missoula, Great Falls has a distinct commercial and multi-family real estate market shaped by its historical significance, industrial base, and recent efforts to revitalize its downtown and surrounding areas. Great Falls' commercial real estate market is diverse, with a mix of retail, office, industrial, and healthcare properties. Great Falls’ multi-family real estate market is influenced by its role as a regional trade and service center, as well as the presence of military personnel from the Malmstrom Air Force Base.

Market
Strengths

Transportation and Logistics Hub

Healthcare Sector

Stable Workforce

Growing Retiree Population

Market
Weakneses

Limited Market

Aging Infrastructure

Limited New Construction

Rent Growth Pressure

Vacancy Rates

Market
Opportunities

Industrial Growth

Healthcare and Senior Living

New Multi-Family Construction

Military and Senior Housing

Market Indicators

23%

Inventory Change YOY

94%

Average Occupancy

225

Average Days on Market

60,442

Population

$63,934

Median Household Income

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Past Projects in Great Falls

Local Knowledge Leads to New Developments

After successfully acquiring multi-family properties in other Montana markets, MWest Holdings hired Sage Advisors to enter the Great Falls Market. After completing several market tours and meetings with land owners, the group found opportunities with annexation properties that created below-market land costs in desirable neighborhoods for new Multi-Family developments. Sage Advisors will assist with all project underwriting, capital campaigns, and project management.

Great falls Relocation

Sage Advisors assisted with a new location in the Bozeman market for a company moving into Montana. After spending time in the market, the decision was made to relocate to the Great Falls area to capture new contracts and growth in the Great Falls area. Sage Advisors successfully sold the prior location and acquired new properties in the Great Falls area, meeting all timeline constraints for the client. 

Past Projects in Great Falls

Great falls Relocation

Sage Advisors assisted with a new location in the Bozeman market for a company moving into Montana. After spending time in the market, the decision was made to relocate to the Great Falls area to capture new contracts and growth in the Great Falls area. Sage Advisors successfully sold the prior location and acquired new properties in the Great Falls area, meeting all timeline constraints for the client. 

Local Knowledge Leads to New Developments

After successfully acquiring multi-family properties in other Montana markets, MWest Holdings hired Sage Advisors to enter the Great Falls Market. After completing several market tours and meetings with land owners, the group found opportunities with annexation properties that created below-market land costs in desirable neighborhoods for new Multi-Family developments. Sage Advisors will assist with all project underwriting, capital campaigns, and project management.

Interested in
The Great Falls Market?

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