On average, listings lease in the $0's per square foot per year. The Sandia Research Park submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 12,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market were built in 0 and are Class B.
Public administration is the dominant industry in this area. Most of the residents of Sandia Research Park work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.