On average, listings lease in the $10's per square foot per year. The Southwest Albuquerque submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 23 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Southwest Albuquerque are subleases, so you will probably have to focus your search on direct office leases. 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 650 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region 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. Finance and insurance are the dominant industries in this region. Most of the occupants of Southwest Albuquerque work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.