Montrose Market Update Q1 2022
There is great medical commercial real estate activity happening around the Montrose area.
Montrose Memorial Hospital has a property under contact to expand, and another medical group is also looking to expand in Colorado Outdoors development.
In addition, two car washers are looking to expand in Montrose, and Jimmer’s BBQ sold both real estate and business.
| 2021 Q1 | 2022 Q1 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $7,002,020 | $11,705,500 | 40.18% |
| Commercial Transactions | 10 | 5 | 33.3% |
| SALES TAX INDICATORS (Source – City of Montrose – Jan/Feb Only) | |||
| All Sales Tax | $3,106,521 | $3,610,911 | 16.24% |
| Lodging Taxes | $10,446 | $14,905 | 42.60% |
