December 31, 2025
This quarter showed a slight increase in the number of units closed with 151 sold year to date in 2025 compared to the 147 transactions during the same period last year. Sales volume is up 36% over last year, increasing to $203.0 million year to date in 2025 from the $148.8 million year to date in 2024. Much of this increase can be attributed to one major transaction. The Mesa Mall sold on July 18 for $49 million and included just under 400,000 square feet on 30.8 acres. This sale did not include the restaurant pad sites, Dillards, Target, or Cabela’s/Bass Pro Shops. Other notable sales this quarter include Peach Street Distillers in Palisade, which sold on July 21 for $1.23 million, the former Guild Mortgage office space at 501 Main Street, which sold on July 15 for $2.5 million, Dutch Bros Coffee, which sold on August 25 for $2.66 million, and the Bookcliff Apartments at 1250 Bookcliff Avenue, a 14-unit apartment building that sold for $1.725 million on September 8.
Active commercial listings were comparable to Q2 2025 with a decrease of only 1.4%, from 208 to 205, and down 5.5% from Q3 2024 when a decrease from 217 to 205. Active leases remain steady in the upper 100s with 180 currently on the market.
County sales tax collections are up 2.5% year over year, rising from 40.9 million dollars in 2024 to 42.0 million dollars so far in 2025. According to the September 2025 report, year to date tax revenue has increased 23.5% in the Construction industry, 24.9% in Finance, and 14.8% in the Professional sector. It has decreased 8.1% in the Medical industry and 5.4% in Utilities. In Retail categories, Auto Sales and General Merchandising have seen the largest increases at 5.9% and 5.3%. Home Improvement and Food and Beverages have seen decreases of 3.1% and 0.8%. Most other retail categories have had slight increases. This report is available through the Mesa County Financial Services department if you would like more detail.
Commercial building permits, not including commercial remodels, are up 23% over 2024, increasing from 26 permits issued in 2024 to 32 so far this year. The increase highlights continued confidence in Mesa County’s commercial market, and while higher construction costs, continued material and labor shortages, and longer timelines pose challenges, expanding industries and a steadily growing population create meaningful opportunities for new development.
Darah Galvin
Real Estate Analyst
Bray Commercial Real Estate