Stay updated with breaking news from Conner Mcmahon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
According to Sterling, which conducted the research, most of the new availability is located off Mullan and Reserve Street in the growing Sxwtpqyen neighborhood.
A new report by a Montana real estate advisory group found that vacancy rates in Missoula' multi-family rental market inched up to nearly 3% at the close of 2022, nearly a full point over the same period last year.
Since 2020, the Missoula's office vacancy rate has fallen from around 10% to just under 9%.
Once locked at historic lows, apartment vacancies across Missoula have begun to rise, spelling possible relief for renters.