Southwest Albuquerque Industrial

Southwest Albuquerque

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,200
As of: December 2, 2016

Southwest Albuquerque Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southwest Albuquerque region is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.

Southwest Albuquerque Listing Supply

In the last 90 days, 13 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Southwest Albuquerque are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,430 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 0 and are Class B.

Southwest Albuquerque Community

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.

Market Report

Trends and status of the commercial real estate market in Southwest Albuquerque.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southwest Albuquerque.
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