Delta County Market Update Q1 2022
Delta County has seen growth this year already in commercial real estate transactions, and development is beginning for owner/user sites and medical sites, coming out of ground. Tracking those is an indication that the market is coming back. Delta is definitely becoming an attractive place to live affordably, especially for individuals looking for land.
Elevate, the high-speed internet company is making it easy for digital nomads and remote working professionals to stay productive. Retail space is only $10/sq ft base rent.
| 2021 Q1 | 2022 Q1 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $2,658,000 | $660,000 | -302.7% |
| Commercial Transactions | 12 | 2 | -500% |
| VACANCY RATE | |||
| Shoppes at Delta Office/Retail | 31% | 11.9% | -61.6% |
| Valley View Plaza Retail | 35.79% | 34% | -5% |
| CAP RATE | |||
| SALES TAX INDICATORS (Source – City of Delta, Delta County) | |||
| All Sales Tax | $1,948,500 | $2,371,103 | +21.7% |
| Lodging Taxes | $23,079.00 | $27,313 | +18.3 |
Public Policy Update
Land being developed for commercial space – River Valley Medical Facility for 9,000 sf PLUS Yost Dental for 4,500 sf at the Delta Center off Hwy 92 and Stafford Ln.
