February 25, 2026
Mesa County’s commercial real estate market closed 2025 with strong overall momentum, ending the year at $306.4M in total closed sales volume, up 16% from 2024. While transaction counts remained relatively stable year over year, several notable fourth-quarter sales and a significant mid-year transaction influenced overall performance. Increased inventory levels, rising commercial building permits, and steady sales tax growth further highlight a market supported by healthy underlying economic activity heading into 2026.
In 2025, total closed commercial sales volume reached $306.4 million, compared to $263.5 million in 2024 — a 16% increase year over year. Transaction volume remained comparable, with 212 commercial sales in 2025 compared to 218 in 2024, representing a slight 3% decrease.
It is important to note that the $49 million Mesa Mall transaction in July accounted for a significant portion of this year’s total volume. Without that single sale, annual volume would have totaled $257.4 million, reflecting a slight 2% decrease compared to 2024. This context illustrates both the impact of large asset trades and the underlying stability of the broader market.
While overall volume increased year over year, transaction activity remained steady. The data suggests continued investor engagement across multiple asset classes, even as individual large-scale transactions influenced annual totals.
The market continues to demonstrate resilience, with activity spread across office, hospitality, retail, and manufactured housing sectors.
Fourth quarter activity included several significant transactions:
Independence Plaza, a 66,568-square-foot multi-tenant office building, sold for $5.5 million in November.
Studio 6 hotel sold for $5.67 million in October.
A newly opened Starbucks property sold for $3.6 million in October.
Paradise Park Mobile Home Park, a 255-unit community, sold for $27,452,900.
Westlake Mobile Home Park, a 58-unit community, sold for $5,789,600.
These transactions reflect continued investment across office, hospitality, retail, and manufactured housing sectors.
There are currently 257 active commercial listings on the market, representing a 25% increase from Q3 2025 and a 23% increase compared to Q4 2024.
Active available leases total 177, down 1.7% from Q3 2025 but up 6.6% year over year.
This increase in inventory provides expanded opportunities for both owners and tenants compared to this time last year, offering more options across property types and lease structures.
Commercial building permits saw one of the largest shifts in 2025, increasing 47% from 30 permits in 2024 to 44 permits in 2025.
Most of this growth occurred within the Store and Mercantile category, including developments such as the McDonald’s on Horizon Drive and the Golden Gate gas station in Whitewater. This rise in permit activity signals renewed development momentum and confidence in retail and service-based expansion within the market.
County sales tax revenue reached $56.4 million in 2025, reflecting a 3% increase from 2024 and a 5.4% increase compared to 2023.
While national consumer sentiment declined — with the University of Michigan reporting a 15% decrease in its Consumer Sentiment Index between January 1, 2025 and January 1, 2026 — local sales tax growth indicates continued strength in Mesa County’s consumer activity and business performance.
These indicators together suggest a commercial market supported by stable economic fundamentals and ongoing local spending.
Mesa County’s commercial real estate market enters 2026 with strong overall volume, stable transaction activity, rising inventory, improving permit trends, and healthy economic support from sales tax growth.
While individual large transactions may influence annual totals, underlying fundamentals point to a balanced and opportunity-driven market. Owners, investors, and tenants alike are navigating a landscape with increased options and continued development activity, positioning the region for steady commercial growth in the year ahead.
For a detailed breakdown of asset classes, pricing trends, inventory data, and market analysis, download the full Q4 2025 Commercial Market Report or contact the Bray Commercial team for a personalized market consultation.