Montrose Q4 2022 Market Update
Developments – What is happening
- Expansion of Montrose Airport Terminal in process and almost complete
- Black Canyon Boy & Girls Club purchased Casacade Movie complex to move into
- Montrose Regional Hospital to build ambulatory care center
- Marriott Fairfield Inn is in process of being built
| 2021 Q4 | 2022 Q4 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $5,663,388 | $4,970,000 | -13.95% |
| Commercial Transactions | 9 | 8 | -12.50% |
| VACANCY RATE | N/A | N/A | N/A |
| CAP RATE | N/A | N/A | N/A |
| SALES TAX INDICATORS (Source – City of Montrose ) | |||
| All Sales Tax | $21,123,341.00 | $23,490,734.00 | 11.21% |
| Lodging Taxes | $132,067.00 | $156,930.00 | 18.83% |
