The typical asking rate per listing is in the $20's per square foot per year. The Downtown Albuquerque region is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 14% increase in rent.
In the last 90 days, 15 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,480 sqft. Most properties in this area are approximately 1 floors. 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 market. 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.