As we reflect on the dynamics of the commercial real estate market in 2023, it’s evident that various factors have shaped the landscape, presenting both challenges and opportunities for investors and stakeholders. One notable trend was the decline in total sales transactions, plummeting from 32 to 10 throughout the year. This shift highlights the influence of a variety of factors … Read More
Navigating the Changing Tides: A Snapshot of Albuquerque’s Multi-Family Market
In the evolving landscape of Albuquerque’s real estate market, staying ahead of trends is crucial for commercial real estate investors. As we delve into the latest data, it’s evident that the multi-family sector is experiencing a shift, presenting both challenges and opportunities for investors and property managers across the board. One of the key observations is the decline in apartment … Read More
Unveiling Albuquerque’s Retail Real Estate Resilience: A Comprehensive Analysis
Albuquerque’s retail market continues to exude strength, shown by a low vacancy rate andrestrained new construction. This market strength is supported by a resilient consumer base,providing a solid foundation for sustained growth and stability in the market. Despite the overall strength, the market faced a temporary setback with negative absorption inthe trailing 12 months. The closure of a major retailer, … Read More
Unveiling the Industrial Surge: A Comprehensive Insight into Santa Fe’s Thriving Real Estate Market
This supply-demand imbalance led to record-setting prices for industrial property sales, with rents following suit; rents steadily climbed and ranged from $13.00 to $15.00 per square foot for new leases in 2023. In the dynamic landscape of Santa Fe’s industrial real estate market, the trend of diminishing inventory persisted throughout 2023, while the demand for available space showed no signs … Read More
Deciphering Albuquerque’s Office Market: A Year-End Analysis of Shifting Trends
Albuquerque’s office market stands as a testament to resilience, anchored by the pillars of federal government, education, and health services. With significant tenancy from state and city governments, as well as contractors for the Department of Energy labs, the city’s office sector has maintained stable vacancy rates despite national trends. Over the past decade, limited construction coupled with consistent demand … Read More