Missoula Market Update
A submarket-by-submarket look at Office, Industrial, Retail, Multifamily, and Land in the Missoula market from Coldwell Banker Commercial Drew Ward Warne, August 2026.
A submarket-by-submarket look at Office, Industrial, Retail, Multifamily, and Land in the Missoula market from Coldwell Banker Commercial Drew Ward Warne, August 2026.
The first half of the year brought uncertainty with a new administration, tariffs, and DOGE cuts. Missoula saw federal spending reductions at the Forest Service, the University of Montana, the Mansfield Center, and more. The second half of the year is off to a stronger start, with businesses and households adapting to the new environment.
With high interest rates early in the year, Missoula’s commercial real estate marketplace was a bit sluggish in 2024. Missoula has experienced steady growth in 2025 due to its desirable location in western Montana and diverse economy.