Grand Junction/Mesa County Market Update – November 2018
Commercial Real Estate sales volume of $131.7M with 208 transactions YTD in 2018 is up 34% compared to sales January-October 2017 with 151 transactions worth $98M. Residential Real Estate sales for $901M YTD in 2018 are up 13% compared to sales January-October 2017 of $797M. Sales Taxes are up 1.2% YTD compared to taxes collected January-October 2017. New commercial real estate development projects include 30,000 SF Strive construction project almost complete, new medical office building construction project underway at 360 W. Park, Assisted Living project at 2656 Patterson Rd. nearly complete, newly constructed ANB Bank branch and new 100+ unit apartment complex underway at 12th and Patterson along with multiple downtown redevelopment projects underway.
GRAND JUNCTION/MESA COUNTY MARKET UPDATE
VELOCITY (Source – Mesa County Assessor)
MESA COUNTY SALES TAX INDICATORS:
VACANCY RATE
VACANCY RATE
MESA COUNTY RESIDENTIAL REAL ESTATE
RESIDENTIAL DEVELOPMENTS
- North Grand Junction – 20 projects/106 lots
- Southeast Grand Junction – 15 projects/114 lots
- City of Grand Junction – 8 projects/54 lots
- Fruita – 18 projects/74 lots
- Orchard Mesa – 13 projects/83 lots
- Northeast Grand Junction – 6 projects/27 lots
- Redlands – 26 projects/30 lots
- Northwest Grand Junction – 1 project/4 lots
- Clifton – 3 projects/21 lots
COMMERCIAL DEVELOPMENTS
- 30,000 SF Strive Medical Office Project almost complete
- New Medical Office building underway at 350 W. Park
- Assisted Living project almost complete at 2656 Patterson Rd.
- Newly constructed ANB Bank and 100+ unit apartment complex underway at 12th and Patterson
- Multiple downtown redevelopment projects underway
