Missoula, Montana, is a vibrant city located in the western part of the state, known for its outdoor recreation, cultural amenities, and status as a college town. The city's real estate market, particularly in the commercial and multi-family sectors, has seen steady growth due to its expanding population, active economy, and the presence of the University of Montana. Missoula’s commercial real estate market has benefitted from a combination of local economic growth and its status as a regional center for trade, education, and healthcare.
Market Strengths
Education and Healthcare Hubs
Growing Tech and Creative Economy
Diversified Local Economy
Population Growth
University of Montana
Market Weakneses
Limited Large-Scale Development
Land Availability
Rent Affordability
Aging Housing Stock
Market Opportunities
Tech and Creative Sector Expansion
Mixed-Use Developments
Healthcare and Education Growth
New Construction
Renovation and Repurposing
Market Indicators
22%
Inventory Change YOY
95%
Average Occupancy
255
Average Days on Market
117,922
Population
$73,429
Median Household Income
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Past Projects in Missoula
Local Knowledge Leads to New Developments
After successfully acquiring multi-family properties in other Montana markets, MWest Holdings hired Sage Advisors to enter the Missoula 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.
Special Purpose Appraisals
Sage Appraisal has completed several commercial appraisals in the Missoula Market including RV Parks, commercial properties, and storage units. Sage Appraisal continues to offer local insights and data to investors, property owners, and financial institutions in the Missoula Market.
Interested in The Missoula Market?
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