Southwest Albuquerque Industrial

Southwest Albuquerque

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,740
As of: August 20, 2017

Southwest Albuquerque Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southwest Albuquerque region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 19% increase in rent.

Southwest Albuquerque Listing Supply

In the last 90 days, 16 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 69% of the available space in the Southwest Albuquerque are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this region 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 market. Most of the folk 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.
Research