Montrose Market Update Q2 2022
Old Russell Strover retail was purchased by Home Loan bank for bank and Enstrom’s Candies.
City of Montrose purchased the downtown Wells Fargo branch for new city hall.
Montrose Memorial Hospital has a property under contact to expand.
| 2021 Q2 | 2022 Q2 | %+- | |
| VELOCITY (Source – MLS ) | |||
| Commercial Sales Volume | $ 17,127,020 | $ 18,651,500 | 8.17% |
| Commercial Transactions | 23 | 27 | 14.81% |
| VACANCY RATE | |||
| CAP RATE | |||
| SALES TAX INDICATORS (Source – City of Montrose) | |||
| All Sales Tax | $ 6,924,702 | $ 7,752,392 | 11.95% |
| Lodging Taxes | $ 25,428 | $ 33,443 | 31.52% |
