The typical asking rate per listing is in the $20's per square foot per year. The Albuquerque Original Townsite submarket is going through a an increase in rates. In the last 3 months, the median rate went up $21 per sqft per year.
In the last 90 days, 4 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Albuquerque Original Townsite 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 26,680 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1930 and are Class Class B.
Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Albuquerque Original Townsite residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.