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Area Info
Demographics | Cost of Living | Economic Trends
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Forms
Sample Colorado Real Estate Form
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Grand Valley Land Use Map
Includes Future Land Use map for 24 Rd. Cooridoor
Click here to view PDF of Land Use map »
24 Rd. Opportunities & Constraints »
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GJ Makes Top 25 of Forbes' List
Grand Junction cracked the top 25, making it to No. 24, on the Forbes 2009 Best Small Places for Business and Careers list..
Read the Article »
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Colorado Among Top 10 Business-Friendly States
Download the article form the Grand Valley Business Times (Dec/Jan 2008-09).
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Grand Junction: Hotzone within the Housing Cooldown.
It may be hard to sort thru all the news these days, but our local economy seems to be among the few locations nationwide that is bucking the trend.
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 National media headlines plague the tv stations, radio stations, and newspapers continually reminding buyers and sellers alike that the housing market has fallen….and fallen hard. Some will argue it is still not at rock bottom and some say we have hit bottom and are to expect a rise…. Either way it is hard to ignore the ongoing headlines that the US economy has been hit by the housing market drop.
But not here…. Grand Junction's Real Estate numbers remain strong. It would be hard to say if it is due to one particular market, the oil/gas boom, or people moving from up valley to enjoy retired life in a warm weather climate. It may be simply that Grand Junction has so much to offer...including but not limited to the a top rated golf course, year round outdoor activities, close proximity to skiing, top rated medical facility, or the growing 4 year college. The good news is, that Grand Junction's economy continues to grow. That the numbers prove people are moving to our area, and we have escaped the so called housing fallout.
Among the numbers you can see that Grand Junction was recently rated 4th among Metropolitan areas for highest rates of house price appreciation by the Office of Federal Housing Oversight just behind Wenatchee, WA, Provo-Orem UT and Salt Lake UT, and it was rated by Forbes last year as one of the top places for business. Click here to view the latest house price appreciation rankings for the top metropolitain areas in the nation as provided by the Office of Federal Housing Enterprise Oversight.
CREN generated numbers below shows over the last 6 months we saw a 6% increase in units sold and the overall house appreciation has also grown...
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Grand Junction's Housing Vacancy Hits Lowest in State
Download the article form the Daily Sentinel Weekly.
Download here » |
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Infill and Redevelopment Program
As outlined by the City of Grand Junction.
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The City of Grand Junction has adopted an infill and redevelopment program that furthers the goals and policies of the City Council’s Strategic Plan and the City’s Growth Plan. After adopting definitions for “Infill” and “Redevelopment Areas,” the Council developed an incentive program that will foster infill and redevelopment projects in specific geographic areas of the city.
In general terms, “Infill” relates to vacant parcels partially encircled by development. “Redevelopment” or a “Redevelopment Area” is defined as lands that are in transition and comprise at least two acres containing or consisting of improvements that do not meet current development potential.
Implementation of a program to encourage development of infill parcels and redevelopment of underutilized land within certain areas of the city of Grand Junction is beneficial for several reasons. Such development:
* makes more efficient use of existing infrastructure including streets, water and sewer lines and other public facilities and services;
* provides opportunities to reduce commuting distance and automobile dependency;
* may help to provide affordable housing within the city; and
* reduces the demand for and impact of suburban sprawl.
Some potential forms of City involvement include an expedited review process, assistance with review, deferral of fees, density bonuses for housing projects, proactive city improvements such as infrastructure, financial participation, contributions to enhancements and upgrades that go beyond code requirements, help with off-site improvements required by Code and City assemblage of development parcels.
The City of Grand Junction Community Development Department has a submittal package available that will give you all the information necessary to proceed with your project. This information packet is designed to provide information for those interested in pursuing City assistance to develop in infill and redevelopment areas. Packets of information are available at the Community Development office or click on the following links for the materials included in the information packet:
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Grand Junction's Wine Country Featured in
New York Times' Travel Section
Read "Biking Colorado's Wine Country" By STEFANI JACKENTHAL
Click here to read article » |
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Hospital Growth
St. Mary's Hospital Expansion Plans: The Century Project » |
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State to Give Mesa State $27 million
Money likely to be used for construction projects.
By MIKE SACCONE The Daily Sentinel, Friday, March 02, 2007
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DENVER — Mesa State College will likely receive nearly $27 million in state construction funds for its Business and Information Technology Center and Saunders Fieldhouse renovation, a committee decided Thursday morning.
The Capital Development Committee, which made final tweaks to its funding prioritization list Thursday morning, placed Mesa State’s requests in position to receive funding, said Sen. Josh Penry, R-Fruita.
“The business building is a virtual certainty,” Penry said. “And the Saunders (Fieldhouse) renovation is in a very strong position.”
Mesa State President Tim Foster requested in mid-January that the committee consider a $7.8 million appropriation for the Business and Information Technology Center and $19.1 million for the Saunders Field House renovation.
Apprised of the college’s position to likely receive funding, Foster said he is happy to hear of the Capital Development Committee’s decision.
“We are encouraged to learn that the Saunders project was rated so well by the (Capital Development Committee), and we appreciate Josh’s work,” Foster said, citing Penry’s position on the committee. “I think it really helped that (Reps.) Bernie Buescher and Steve King were also at the CDC presentation on this project.”
Foster said the backing of the Capital Development Committee and Mesa County School District 51’s decision to inject $1 million into the fieldhouse renovation were helping the college enter its “final stretch.”
“We also know we’ve just rounded a corner and are heading down the final stretch,” Foster said, “so we’ll continue to need our legislators’ support.”
The priority list now moves to the Joint Budget Committee.
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Report Confirms Commercial Space in Tight Supply
by MIKE MORAN the Business Times
Feb 8-14, 2007; Volume 14 issue 2
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Commercial and retail space remains in tight supply in Mesa County as energy businesses and their suppliers gobble up what space is available.
According to a fourth-quarter report for 2006 prepared by Bray & Co. Commercial, commercial space is in shortest supply in downtown Grand Junction and the Mesa Mall. A higher percentage of space is available along North Avenue in Grand Junction and in Fruita.
Most areas have less available space than what was available at the end of 2005, however, And warehouse space in particular is at a premium.
Energy is a big part of what’s happening, said Sid Squirrel, a commercial real estate agent for Bray & Co.
According to the fourth quarter report, downtown Grand Junction had a 4.8 percent office vacancy rate, up from 2 percent at the end of 2005. Much of the new space is available in the recently refurbished Reed Building at Fourth and Main streets.
Mesa Mall had a 3.7 percent vacancy rate, while the Horizon Drive area came in at 3.9 percent. Higher rates were posted along North Avenue at 9.3 percent and Fruita at 8.8 percent.
Squirrel said the new Kokopelli Plaza could account for some of the unfilled office space in Fruita, but the plaza if filling up as the months pass.
On North Avenue, there’s about 8,000 square feet of space in the basement of the Wells Fargo Bank building on 28 1/2 Road, he said. The basement previously housed the Wells Fargo mortgage division.
Meanwhile, available retail space also remains in short supply in many areas of Grand Junction, but more plentiful in Fruita.
Available retail space is virtually nonexistent in downtown Grand Junction at a scant vacancy rate of 0.3 percent. That compares to a vacancy rate of 1.2 percent at the end of 2005.
The vacancy rate for retail space along North Avenue was 0.8 percent, while vacancy rates fell to 2.5 percent and 3.5 percent in the Mesa Mall and along Horizon Drive, respectively. Fruita had the highest retail vacancy rate at 8 percent.
The available supply of warehouse and industrial space remains tightest of all, ranging from a 3.1 percent vacancy rate at the Mesa Mall area to just 0.3 percent on North Avenue.
Because of increasing demand, large commercial construction projects are under way, Squirrel said.
There’s a 29,000 square-foot building going up on West Creek Circle (east of 25 Road and south of Patterson Road), he said. And it’s the new generation of construction, with more windows, radiant heat, swamp coolers and refrigerated air.
Squirrel said new warehouse space is going for $10 to $12 a square foot.
According to the Bray report, office space ranges from $10 to $25 a square foot in downtown Grand Junction and ranges from $12 to $15 a square foot in most parts of the Grand Valley.
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Other Resources
Useful area organizations to help keep you informed and connected.
Click here to view organizations» (click agian to close) |
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Data Sources
Links to a wealth of area statistics.
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