The typical asking rate per listing is in the $10's per square foot per year. The Downtown Albuquerque submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.
In the last 90 days, 15 listings have been posted online, which means listings might be leasing quickly. 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.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Albuquerque folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.