Downtown Albuquerque Sublease

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Downtown Albuquerque

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,050
As of: July 21, 2017

Downtown Albuquerque Rates

On average, listings lease in the $20's per square foot per year. The Downtown Albuquerque submarket is going through a an increase in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 2% rise in rent.

Downtown Albuquerque Listing Supply

In the last 90 days, 15 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 27% of the available space in the Downtown Albuquerque are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,270 sqft. Most properties in this region are around 1 floors. Most buildings in this market were built in 1980 and are Class B.

Downtown Albuquerque Community

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 area. Commute by public transit is the most popular way to get to work amongst Downtown Albuquerque residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Albuquerque.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Albuquerque.
Research