BUSINESS
CMU Students Fill Grand Junction Shops and Rentals
CMU’s 9,788 students still spend downtown, but most now rent in a 3.1 percent vacancy market that turns the university boom into a housing crunch.
Colorado Mesa University counted 9,788 students in fall 2025, enough to fill campus housing and then spill into Grand Junction’s rental market. Downtown shops still feel that return. So do landlords.
Curtis Englehart, executive director of the Grand Junction Economic Partnership, still talks about direct, indirect, and induced spending when the semester starts. The newer problem is that the same headcount now competes for apartments in a city that already calls housing core infrastructure.
Every On-Campus Bed Was Taken
On the first day of fall 2024 classes, every one of CMU’s 2,950 on-campus beds was occupied. Emily Bollinger, the university’s director of residence life, said the school had run out of room. Students who could not be placed in a dorm were shuttled to a hotel on Horizon Drive, miles from campus.
That was not a one-morning glitch. Only about 30 percent of the student body lives on campus, which leaves roughly 6,800 students renting in the same market as Grand Junction’s workforce each year. Fall 2025 enrollment was 9,788, three students above fall 2024, so the overflow did not ease.
CAMPUS PRESSURE IN ONE SNAPSHOT
- Fall 2025 headcount: 9,788 students at the official end of term, with 9,459 undergraduates and 329 graduate students.
- Beds on campus: 2,950, all taken on the first day of fall 2024 classes.
- Living in town: About 6,800 students rent off campus in the same inventory as working households.
- Rental vacancy: About 3.1 percent, per Root Policy Research, against a healthy band of 6 to 8 percent.
The university’s own public fact sheet, updated in June 2026, still listed Centennial Apartments as a fall 2026 addition. Until those beds show up in the count, most of the campus lives next door to everyone else looking for a lease.
A 790-Student Jump, Then a Pause
The crowding followed a one-year surge. CMU’s official fall 2025 end-of-term count shows how fast the campus grew, then stopped growing.
FALL HEADCOUNT, 2021 TO 2025
| Fall term | Total students | First-time entering |
|---|---|---|
| 2021 | 8,907 | 1,849 |
| 2022 | 8,905 | 1,752 |
| 2023 | 8,995 | 1,766 |
| 2024 | 9,785 | 2,332 |
| 2025 | 9,788 | 2,310 |
Total enrollment rose by 790 students from fall 2023 to fall 2024, an 8.8 percent jump, then by three students the next year. First-time entering students rose 32 percent in that 2024 wave, from 1,766 to 2,332, and eased to 2,310 in 2025.
A state financial audit for the year ended June 30, 2025, shows the same bulge in full-time equivalent terms. Undergraduate FTE climbed 7.6 percent, graduate FTE climbed 12.4 percent, and total student FTE rose to 8,189, up 7.8 percent from fiscal 2024. In-state FTE was 7,017 and out-of-state FTE was 1,172. Staff and faculty FTE reached 975.
The June 2026 fact sheet uses a wider yardstick, 10,979 students in the academic year, which includes the full 2025-2026 cycle rather than the fall snapshot. It also puts 36.7 percent of students in Mesa County and 53.4 percent in the 14-county service region, with 13.3 percent from outside Colorado. The “influx” is partly local already.
Kiln Wanted Those Students Downtown
The easy receipt is still food, beer, and coffee. When students come back, Englehart said, the town has to count direct spending, then the spending that spending sets off.
“When we see a large influx of students come back in, you have got to look at that direct spending, the indirect spending, the induced spending, and all that kind of accumulates into that economic impact that the university brings,” he said in August 2025.
Kiln Coffee Bar, a downtown shop that had been open nearly nine years by that fall, put college students at 10-15 percent of its customers. Co-owner David Foster said the location was a bet on that crowd.
A big part of the reason why we wanted to, as a business, open downtown almost nine years ago now was, we wanted to be a part of bringing college students downtown.
David Foster, Co-owner, Kiln Coffee Bar
That is real money, and it is not the whole ledger. CMU reported $104.7 million in financial aid for 2024-2025, with 72.4 percent of students receiving aid, 44.3 percent first generation, and 33.5 percent low income. In-state undergraduate tuition and fees for 15 credit hours, after the College Opportunity Fund stipend, were $10,989, the third-lowest in Colorado. A lot of the downtown ticket is a student on aid, not a visitor with spare cash.
One Rental Inventory, Two Demand Streams
Grand Junction’s housing gap does not come from campus alone. Population growth and the university hit the same thin stock, and the vacancy rate sits at about 3.1 percent. The city has put the working-family shortfall at about 2,100 units. The Common Sense Institute has put the deficit in a range from 897 to 2,413 units and noted that home costs rose 87 percent over eight years while permitting lagged.
WHO IS BIDDING ON THE SAME UNITS
- Off-campus students: About 6,800 CMU students rent in town each year after campus beds fill.
- Working households: The city already counts a shortage of about 2,100 units for working families.
- New arrivals: Local housing analyses tie extra demand to people moving in from costlier Colorado markets, into a vacancy rate about half the 6 to 8 percent band researchers call healthy.
The city publishes city rental listings for Mesa County through its At Home in GJ program, a semi-monthly guide meant to help residents find open units. CMU has also pointed students to an off-campus rental partner. Neither listing sheet creates apartments.
On the supply side, a city project known as Salt Flats is planned for 324 to 550 units on 22 acres. Construction is not expected to start until late 2026, with first units no earlier than spring 2027, and the product is mainly affordable and income-restricted. Separate city housing projects now in the pipeline include 40 permanent supportive apartments that opened in April 2025 and were fully leased by January 2026. Even 2022, a strong year for multifamily permits at 725 units, did not close the gap the city still carries.
What Happens After They Graduate?
The longer payroll effect is whether those students stay. Englehart said students fill part-time jobs while they are enrolled, then, if the jobs are there, join the local workforce after commencement. That hope is now the live local worry, more than the August coffee line.
Each spring, Grand Junction treats commencement as a labor-market event. The university counted 610 for-credit internships on its 2025-2026 fact sheet, and 77 percent of students are enrolled full time, with 74.5 percent between 18 and 24. Those are the ages that either sign a first professional lease in town or leave with the degree.
CMU is already a large employer on its own. The fiscal 2025 audit put staff and faculty FTE at 975, up from 931 the year before and 863 the year before that. The campus payroll sits beside the student part-time pool, and both depend on a housing stock that Englehart has started describing as infrastructure rather than a side issue.
Outside groups now talk about the university as an 11,000-student campus, which matches the academic-year figure better than the fall snapshot. The scale is settled. The open question is how many graduates find a job and a rent they can hold in Mesa County.
Sports, Asteria, and the Civic Campus
Game days still move tickets, food, and hats, which Englehart noted when football and volleyball bring town residents onto campus. CMU listed 810 varsity student-athletes on the June 2026 fact sheet, across 26 NCAA Division II teams and two other varsity programs. That is a regular visitor stream, not a one-week festival.
The university has also spent a decade turning the grounds into a public venue. Hotel Maverick opened in June 2020 on campus, with the school saying every stay supports its teaching mission. Asteria Theatre opened in September 2024 with 869 seats, billed as the largest stage between Denver and Salt Lake City. Governor Jared Polis toured it that October, and he was back on campus on August 29, 2026, for a MavMedia conversation.
HOW THE CAMPUS BECAME A TOWN ASSET
- 2011: Mesa State College becomes Colorado Mesa University, locking in the regional university bet.
- June 2020: Hotel Maverick opens on campus as a visitor bed that the school ties to its teaching mission.
- May 2022: The Bus Bergman Sports Complex opens, including a 1,500-seat baseball stadium.
- May 2023: Foster Field House opens for recreation, regional events, and kinesiology classes.
- September 2024: Asteria Theatre opens with 869 seats and becomes a civic stage, not only a student hall.
- Fall 2024: All 2,950 on-campus beds are taken on the first day of classes.
- Fall 2026: CMU lists Centennial Apartments and Ember Eatery as facilities due that term.
Those buildings pull spending that never shows up as a latte. They also raise the cost of being a college town, because visitors, athletes, and students all need a place to sleep.
Housing Is Now Core Infrastructure
By July 2025, Englehart had stopped treating apartments as a background amenity. The line he used then is the one that now sits under the shop-receipt story.
To support our growing economy, retain talent and attract new industries, we must treat housing as core infrastructure.
Curtis Englehart, Executive Director, Grand Junction Economic Partnership, July 2025
That is the bind. A larger CMU fills Kiln, sells hats on Saturday, and feeds part-time shifts. It also puts about 6,800 student renters into a 3.1 percent vacancy market, on top of a working-family gap the city already puts near 2,100 units. Talent retention, the second half of Englehart’s workforce pitch, runs through the same leases.
Grand Junction projects drew nearly $10 million in state equity and grant funding in 2025 and early 2026 through Proposition 123 programs, and the city has waived impact fees for some qualifying developments. Those tools do not move as fast as a fall headcount. Salt Flats is not expected to deliver a unit before spring 2027. CMU’s fall 2025 count was already 9,788, three students above the year the dorms filled on day one.
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