The Downtown market is strong. There is very little vacancy in commercial space. Maverik Gas Station is completed. LITC Apartment “Iron Horse” is nearing completion. The city is doing mass re-zoning and road projects. FRIDAY health plans continues to expand. District Attorney Recall election slated. And there is a possible New Hotel in the works….
The Downtown market is strong. There is very little vacancy in commercial space. Maverik Gas Station is completed. LITC Apartment “Iron Horse” is nearing completion. The city is doing mass re-zoning and road projects. FRIDAY health plans continues to expand. District Attorney Recall election slated. And there is a possible New Hotel in the works.
| 2021 Q1 | 2022 Q1 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $23,8000 | 0 | -100% |
| Commercial Transactions | 1 | 0 | -100% |
| VACANCY RATE | |||
| CAP RATE | 7 | 6.8 | -2.86% |
| SALES TAX INDICATORS (Source – County Controller) | |||
| All Sales Tax | $69,8654 | $159,094.42 | -77.23% |
| Lodging Taxes | $39,844.53 | $69,309.40 | 73.95% |
