The typical asking rate per listing is in the $10's per square foot per year. The Southeast Albuquerque submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decline in rent.
In the last 90 days, 27 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,750 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this area were built in 0 and are Class Class.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Southeast Albuquerque folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.