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Delta County Market Update Q1 2022

Delta County has seen growth this year already in commercial real estate transactions, and development is beginning for owner/user sites and medical sites, coming out of ground. Tracking those is an indication that the market is coming back. Delta is definitely becoming an attractive place to live affordably, especially for individuals looking for land.

Elevate, the high-speed internet company is making it easy for digital nomads and remote working professionals to stay productive. Retail space is only $10/sq ft base rent.

2021 Q12022 Q1%+-
VELOCITY (Source – MLS)
Commercial Sales Volume$2,658,000$660,000-302.7%
Commercial Transactions122-500%
VACANCY RATE
Shoppes at Delta Office/Retail31%11.9%-61.6%
Valley View Plaza Retail35.79%34%-5%
CAP RATE
SALES TAX INDICATORS (Source –
City of Delta, Delta County)
All Sales Tax$1,948,500$2,371,103+21.7%
Lodging Taxes$23,079.00$27,313+18.3

Public Policy Update

Land being developed for commercial space – River Valley Medical Facility for 9,000 sf PLUS Yost Dental for 4,500 sf at the Delta Center off Hwy 92 and Stafford Ln.

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 Commercial Real Estate in the Delta County area. Her commercial 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, Lucinda Stanley customizes her services to help further the success of her clients.

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