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 of this pending vacancy, which could have resulted in bringing the market availability rate to over 30%, was absorbed in the second half of 2022 through repurposing and acquisitions by owner/occupants. As many of these transactions were with Charter Schools and Church’s, we think it’s safe to say that the Albuquerque office market is fortunate for recent growth in education and religion.

Do you know what were the Top 5 Office Leases in Albuquerque in 2022?

Number	Address	Tenant	Size	Listing Broker	Leasing Broker
1	5300 Homestead NE	NM Department of Health	60,455 sf		None
2	111 Lomas NW	State of NM Courts	33,802 sf	Duke City Realty	None
3	1401 Old Coors Rd	Rio Grand Performing Arts	21,500 sf	Charter School Property Solutions	Dove Property Advisors
4	4401 Masthead NE	Burns & McDowell	19,807 sf		Sycamore & Associates
5	10510 Research Rd	BioFlyte	15,000 sf	NAI Sunvista	Colliers

Know of any transactions that we missed?  If so, please email Tom Jenkins: tom@reanm.com!