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 fell $139 per sqft per year. That's a 88% decline in rent.
In the last 90 days, 20 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 60% of the available leases in the Rio Rancho are subleases, so you might be able to find a shorter term or below market rent. 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 4,350 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1984 and are Class Class B.