Commercial Real Estate Market in Grand Junction, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
872 active listings and 4,055 off-market properties in Grand Junction, CO. Commercial property asks $433/SF to buy and $13.91/SF/Yr to lease.
Market Trends
Grand Junction, CO spans 265.8 square miles in Mesa County, Colorado. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Grand Junction, CO asks $17.88/SF/Yr to lease. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in West region
Retail
Retail space in Grand Junction, CO asks $11.73/SF/Yr to lease. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in West region
Industrial
Industrial space in Grand Junction, CO asks $23.87/SF/Yr to lease. Vacancy runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in West region
Multifamily
Multifamily space in Grand Junction, CO asks $252/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Grand Junction, CO has 110,462 residents in 49,505 households. Density runs 416 people per square mile. Median household income here is $72,789 and median gross rent $1,265 a month.
110,462
Population
49,505
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
265.8 sq mi
ZIP Area
416
Density / Sq Mi
$72,789
Median Household Income
$40,639
Median Earnings
$1,265
Median Rent
$350,382
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.91/SF/Yr lease vs $433/SF buy → leasing stays cheaper across the full 30-year hold modeled here.
At a 3.2% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grand Jct | — | $13.91 |
| Clifton | — | $10.01 |
| Palisade | — | — |
| Fruita | — | $16.59 |
Commercial property in Grand Junction, CO asks $433/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grand Junction?
Commercial property in Grand Junction, CO asks an average of $433 per square foot. The 6 most recent recorded sales traded at a median of $174/SF, so asking sits 148% above the achieved median. Multifamily carries the highest asking price at $252/SF.
How much does it cost to lease commercial space in Grand Junction?
Asking lease rates in Grand Junction, CO average $13.91 per square foot per year. Office asks $17.88/SF/Yr as of Q2 26, up from $16.60/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Grand Junction?
In Grand Junction, CO, leasing stays cheaper across the modelled hold period. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Grand Junction market data come from?
Realmo compiles Grand Junction, CO figures from 7 recent recorded sales, 607 active sale listings, 265 active lease listings, 4,055 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 607 active for-sale and 265 active for-lease listings in Grand Junction, CO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
