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…
new mexico commercial real estate
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…
