View the Q1 2024 NAR Albuquerque, NM Commercial Real Estate Metro Market Report. Highlights include:
- Demand for office space is stronger than nationwide as this area has a faster absorption of office space. As a result, rent prices rose faster than nationwide and vacancy rate is lower in this area
- Demand for industrial space is weaker than nationwide as this area has a slower absorption of industrial space. As a result, rents rose slower than nationwide. However, vacancy rate is lower in this area.
- Demand for retail space is weaker than nationwide as this area has a slower absorption of retail space. Despite weaker conditions, rent prices rose faster than nationwide and vacancy rate is lower in this area.
- Demand for multifamily space is weaker than nationwide as this area has a slower absorption of multifamily space. Despite weaker conditions, rent prices rose faster than nationwide. However, vacancy rate is higher in this area.
View Report Here
Copyright ©2024 “Commercial Metro Market Reports.” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. June 20, 2024, https://www.nar.realtor/research-and-statistics/research-reports/commercial-real-estate-metro-market-reports
