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New Mexico
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VACANCY
Apartment
The average Vacancy Rate was 2.8% in the Albuquerque metro
Distribution / Warehousing
The average Vacancy Rate was 3.4% in the Albuquerque metro
Office
The average Vacancy Rate was 21.9% in the Albuquerque metro
Retail
The average Vacancy Rate was 11.5% in the Albuquerque metro
- Vacancy in the Albuquerque metro drifted downward by 10 basis points.
- The Albuquerque metro had the lowest vacancy level since year-end 2012.
RENT
Apartment
The average Asking Rent was $1,274 in the Albuquerque metro
Distribution / Warehousing
The average Asking Rent was $8.18 in the Albuquerque metro
- Rent in the Albuquerque metro was up 0.9% from Q3 2023.
- Rent has risen in every quarter since Q1 2020 in the Albuquerque metro.
Office
The average Asking Rent was $17.68 in the Albuquerque metro
Retail
The average Asking Rent was $14.87 in the Albuquerque metro
VACANCY
Distribution / Warehousing
Average Vacancy Rate 8.4%
- Lowest in the Southwest region, thirty-ninth lowest in the nation.
- Fell by 110 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $4.31
- Up 0.5% from year-end 2018.
- Expected to finish 2019 at.