Commercial Real Estate Market in Kalispell, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
315 active listings and 2,387 off-market properties in Kalispell, MT. Commercial property asks $856/SF to buy and $18.95/SF/Yr to lease.
Market Trends
Kalispell, MT spans 468.8 square miles in Flathead County, Montana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Kalispell, MT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Kalispell, MT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Kalispell, MT runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Kalispell, MT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Planned_development 42.6%
- Residential 33.3%
- Commercial 8.8%
- Civic 3.1%
- Industrial 1.8%
Largest Zones share of zoned land by district
Residential
Residential With Planned Unit Development
Residential
Public
General Business With Planned Unit Development
Residential With Planned Unit Development (R-3/PUD)
R-3: A district intended to provide lot areas for urban residential development. This district should have good thoroughfare access, and be in proximity to community and neighborhood facilities, PUD: A planned unit development district shall serve as an overlay zoning district. It shall function in concert with one or more of the underlying zones to provide…
Market overview
Demographics & Economy
Kalispell, MT has 57,900 residents in 25,154 households. Density runs 124 people per square mile. Median household income here is $70,391 and median gross rent $1,052 a month.
57,900
Population
25,154
Households
2.3
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
468.8 sq mi
ZIP Area
124
Density / Sq Mi
$70,391
Median Household Income
$38,073
Median Earnings
$1,052
Median Rent
$417,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Kalispell?
Commercial property in Kalispell, MT asks an average of $856 per square foot.
How much does it cost to lease commercial space in Kalispell?
Asking lease rates in Kalispell, MT average $18.95 per square foot per year.
Where does Realmo's Kalispell market data come from?
Realmo compiles Kalispell, MT figures from 266 active sale listings, 49 active lease listings, 2,387 tracked off-market properties, the current Kalispell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 266 active for-sale and 49 active for-lease listings in Kalispell, MT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 8,652 zoned acres across 28 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
