The closing of Schott Solar tipped the industrial real estate market back to a double-digit vacancy rate — from an expected slight improvement — in the Albuquerque metro area during the third quarter. Read more…
commercial real estate albuquerque
Metro’s office Vacancy Rate Continues Its Upward Climb
If the office market is a reflection of the Albuquerque metro area’s service-oriented economy, then things are looking rather wan and pale.
The vacancy rate has been stuck at 18 percent or higher for three years running with no end in sight. After a three-year slide, the average asking lease rate appears to have bottomed out at the level of mid-2007. Office construction is at a standstill. Read more…
LIBOR: How You Probably Got Burned
So did any of the commercial property deals you touched in the past five years or longer use financing? Let’s guess: the answer is yes, of course. Developers acquiring or improving commercial assets tend not to self-finance. Read more about the LIBOR scandal on TheSource Blog. Read more…
