The typical asking rate per listing is in the $10's per square foot per year. The Rio Rancho region is experiencing a decline in rates. In the last 3 months, the median rate decreased $139 per sqft per year. That's a 88% decline in rent.
In the last 90 days, 20 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 65% of the listings in the Rio Rancho 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,350 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built in 1985 and are Class Class B.