Helena, Montana, is the state capital and serves as a governmental and administrative hub, providing a unique market dynamic for both commercial and multi-family real estate. While smaller than cities like Billings and Missoula, Helena has a stable economy, driven by state government, healthcare, and tourism, and a growing interest in both commercial and residential developments. Helena’s commercial real estate market is relatively stable, benefiting from its governmental role and the presence of key institutions.  Helena’s commercial real estate market is relatively stable, benefiting from its governmental role and the presence of key institutions.