The typical asking rate per listing is in the $20's per square foot per year. The Albuquerque Original Townsite region is seeing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 21% rise in rent.
In the last 90 days, 4 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Albuquerque Original Townsite are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 26,680 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1930 and are Class Class B.
Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Albuquerque Original Townsite residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.