We have moved from a Seller’s market to a balanced market in residential real estate. Commercial real estate has not changed with low vacancy rates and stable cap rates.
Breckenridge has less than a 1/2 of 1% vacancy rate in restaurant and retail space.
|2021 Q2||2022 Q2||%+-|
|VELOCITY (Source – Land Title Guarantee )|
|Commercial Sales Volume||$78.5M YTD||$83.5 YTD||6.4%|
|Range of NNN Rental Rates on Commercial Properties 2021/2022||$29 PSF to $61PSF NNN|
|SALES TAX INDICATORS (Source – Town of Breckenridge )|
|All Sales Tax||$12.6M||$18.8M||49.4%|
- Previously approved commercial property (Entrada) being rezoned for workforce housing.
- 4th Street Crossing North (Silverthorne) has begun demolition.
- Aiden West in Silverthorne has been approved.