The typical asking rate per listing is in the $20's per square foot per year. The Northeast Albuquerque region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 3640 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Northeast Albuquerque are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,490 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the occupants of Northeast Albuquerque work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Northeast Albuquerque.
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