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 Q2 | 2022 Q2 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $ 5,326,250 | $8,426,225 | 36.8% |
| Commercial Transactions | 21 | 14 | -50.0% |
| VACANCY RATE | |||
| Shoppes at Delta Office/Retail | 31% | 11.03% | -64.4% |
| Valley View Plaza Retail | 35.79% | 35.32% | -1.3% |
| CAP RATE | |||
| SALES TAX INDICATORS (Source – ) | |||
| All Sales Tax | $4,375,786 | $5,720,148 | 30.7% |
| Lodging Taxes | $44,129 | $54,620 | 23.8% |
