Missoula

Markets

Missoula

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

SHARPSPRING PLUGIN

Receive local Montana markets updates.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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?

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.