The typical asking rate per listing is in the $20's per square foot per year. The Albuquerque Original Townsite submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.
In the last 90 days, 2 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 8,500 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area 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 occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.