Delta County Q2 2023 Market Updates

Posted on August 29, 2023 by Lucinda Stanley, Grand Mesa Real Estate Services in Market Updates

DEVELOPMENTS

City of Delta with One Delta County Economic Alliance is starting a workforce housing project on 7 acres. Working on grants funds and design now.
City of Delta was awarded over $13 Million for Main St / Hwy 50 downtown street improvements
New Industrial Park planned. Received grant funds for infrastructure on 16 acres.

	2022 Q2	2023 Q2	%+-
VELOCITY (Source – Mesa County Assessor)
Commercial Sales Volume	$8,426,225	$4,685,000	-79.9%
Commercial Transactions	14	12	-16.7%
VACANCY RATE	N/A	N/A
CAP RATE	N/A	N/A	N/A
SALES TAX INDICATORS (Source –City of Delta)
All Sales Tax	$3,965,775		+23.5%
Lodging Taxes	$54,620	$53,843	-1.4%

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.