Commercial Real Estate Market in Townsend, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
60 active listings and 283 off-market properties in Townsend, MT. Commercial property asks $999/SF to buy and $15.36/SF/Yr to lease.
Market Trends
Townsend, MT spans 716.3 square miles in Broadwater County, Montana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Townsend, MT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Townsend, MT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Townsend, 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 Townsend, 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
- Residential 39.9%
- Civic 11.2%
- Industrial 10.8%
Largest Zones share of zoned land by district
Medium Density
No Zoning
Central Business District
General Industrial
Light Manufacturing
Medium Density (R-2)
The purpose of this district is to recognize the existing residential neighborhoods of the community as well as those areas which are deemed appropriate for residential expansions
Market overview
Demographics & Economy
Townsend, MT has 4,418 residents in 1,976 households. Density runs 6 people per square mile. Median household income here is $59,082 and median gross rent $1,022 a month.
4,418
Population
1,976
Households
2.2
Avg Household Size
48
Median Age
17%
College-Educated
89%
High-School Grad
716.3 sq mi
ZIP Area
6
Density / Sq Mi
$59,082
Median Household Income
$34,303
Median Earnings
$1,022
Median Rent
$307,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Townsend?
Commercial property in Townsend, MT asks an average of $999 per square foot.
How much does it cost to lease commercial space in Townsend?
Asking lease rates in Townsend, MT average $15.36 per square foot per year.
Where does Realmo's Townsend market data come from?
Realmo compiles Townsend, MT figures from 58 active sale listings, 2 active lease listings, 283 tracked off-market properties, the current Townsend zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 2 active for-lease listings in Townsend, 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: 981 zoned acres across 6 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
