Delta County Market Update Q2 2022

Delta County Market Update Q2 2022

City of Delta bought the historic Armory downtown building for their new Police Department. Asbestos removal is undergoing.

The City of Delta along with the County purchased the former City Market 21,000 + building to renovate and relocate the downtown library. The current library building will then be the home of the Delta County’s Sherriff’s office.

2021 Q22022 Q2%+-
VELOCITY (Source – MLS)
Commercial Sales Volume$ 5,326,250$8,426,22536.8%
Commercial Transactions2114-50.0%
VACANCY RATE
Shoppes at Delta Office/Retail31%11.03%-64.4%
Valley View Plaza Retail35.79%35.32%-1.3%
CAP RATE
SALES TAX INDICATORS (Source – )
All Sales Tax$4,375,786$5,720,14830.7%
Lodging Taxes$44,129$54,62023.8%

About The Author

Lucinda Stanley, Grand Mesa Real Estate Services

Lucinda Stanley has been a commercial real estate professional since 1984. She is the owner of Grand Mesa Real Estate Services in the Delta County area. Her real estate company has been in the Delta area since 2011 and has helped many small businesses by providing guidance to match their business goals. From commercial leasing and real estate sales, business consultations, land acquisitions, and commercial property management services, Residential sales has been added to assist business owners in relocating to Delta County. Lucinda Stanley customizes her services to help further the success of her clients.