As we approach 2024, the U.S. industrial market shows signs of slowing down, with a national vacancy rate of 5.5%, which is still below the 20-year average of 7.3%. This shift is partly due to increased industrial developments since mid-2022, raising the rate from its previous low of 3.9%. However, the story is different for Albuquerque’s industrial market, which stands … Read More

Real Estate Advisors are the experts in the Albuquerque office market and report on the latest local real estate trends in New Mexico. In the summer of 2022, the Albuquerque office sector was holding its collective breath as hundreds of thousands of square feet of back-office space had come on the market for lease or sublease. Almost 500,000 square feet … Read More

Real Estate Advisors are the experts in the Albuquerque office market and report on the latest local real estate trends in New Mexico. In 2022, sales activity was robust at the end of the year, with 14 of the biggest office buildings in Albuquerque sold. Market pricing increased at a slow pace of 3% in 2022, and was influenced by … Read More

The Albuquerque Industrial market is the tightest it has been in decades.  You may hear it is due to growing space needs of 1)  movie and film industry use impacted by Netflix acquiring Albuquerque Studios, pushing other tenants to alternative locations, and 2) legalized cannabis use.  Although these new and expanding industries have exacerbated the shortage of industrial space, projections … Read More