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
Top 14 Office Property Sales of 2022
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 LoopNet Roundtable: 7 Experts Weigh In on the State of the Office Market
Insights From Brokers, Researchers and Consultants on How the Sector Is Evolving What’s up with office? For the past 24 months, it’s sometimes felt as if that’s all anyone in commercial real estate is talking about. According to CoStar —the parent company of LoopNet — there are just over 760,000 office buildings in the United States, encompassing 13.3 billion square … Read More
Are You Better Off Owning or Leasing?
The activity level in the owner/user commercial real estate segment of the market is very robust for office and industrial properties. This level of activity is in large part being driven by historically low interest rates. In the current environment, for comparable properties the monthly debt payments are generally less than rent payments. The primary economic consideration for any user … Read More
Albuquerque Office Market Update
Real Estate Advisors track 431 multi-tenant office buildings over 10,000 square feet in the Albuquerque market. These buildings total 14,783,384 square feet, with 2,798,921 square feet of availability. Since the pandemic began in March of 2020, the office market availability rate has increased approximately 27%, from roughly 15% to 19%. In tracking overall market statistics, reports generally state availability, vacancy, … Read More
What is Fueling Commercial Real Estate Investment Activity?
Despite a hazy outlook on the future of the workplace, Industrial and Office Building sales volume and pricing are back to, and in some sectors, exceeding pre-pandemic levels. According to Costar, “Except for 20Q3, Albuquerque industrial investment activity has remained robust throughout the pandemic. Trailing 12- month investment volume totals $58.7 million, above the 10-year annual average of $40.7 million.” … Read More
ABQ’s Industrial Vacancy Rate of 2% and Dropping?
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
How Will Investors Position Their Office Assets for Success In a Post-Pandemic Environment
Prior to covid, the national labor market was tightening, creating a demand for technologies to support greater collaboration between geographically separate offices, attract remote employment and offer greater flexibility for employees that required non-traditional business hours. These tools provided white collar jobs the ability to quickly pivot during the pandemic from an in-office environment to a work from home environment. … Read More