Commercial Real Estate Report - Albuquerque, NM [Apartment]

Property Type

View market and submarket information on Apartment space in Albuquerque, New Mexico. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Albuquerque, New Mexico.

Boundaries

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Albuquerque, NM - Entire Metro
Submarkets
Southeast -30 bps  
Northwest -30 bps  
Northeast -20 bps  
Downtown/SW -10 bps  
North Central 130 bps  
 
 
 
 
 

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 5.8% -- 4.4% --
Median 5.8% -- 4.5% --
12 Month Rolling 5.1% 4.4% 4.4% --

Commercial Real Estate News

Recent Rent Observations

Location ID Class Rent
Northeast 49411 A $1,083
Northeast 41382 BC $759
Southeast 41018 A $811
Southeast 41072 BC $587
Northeast 40779 A $720
Southeast 40638 BC $631
Northeast 41022 A $714
Southeast 41284 BC $636
Southeast 51759 BC $712
Northeast 41338 A $693

Change From Previous Quarter

Market Rent Vac Inv
Albuquerque 0.1% -10 bps 0.0%
West Region 0.2% -20 bps 0.0%
United States 0.2% -10 bps 0.0%

Metro vs. Region -0.1% 10 bps 0.0%
Metro vs. US -0.1% 0 bps 0.0%

Latest New Construction Updates

National Apartment Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Apartment Rankings (Q1 2013)

Based on 275 U.S. Markets
Value:
108. Waco, TX 3.8%
109. Yuba, CA 3.8%
110. Chattanooga, TN 3.9%
111. Cincinnati, OH 3.9%
112. Denver, CO 3.9%
113. Albuquerque, NM 4.0%
114. Austin, TX 4.0%
115. Green Bay, WI 4.0%
116. Houma, LA 4.0%
117. Suburban Maryland, MD 4.0%
118. Tacoma, WA 4.0%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Albuquerque 1.2% 436 bps 0.7%
West Region 0.3% 419 bps 0.7%
United States 0.9% 485 bps 1.0%

Metro vs. Region 0.9% 17 bps -0.0%
Metro vs. US 0.3% -49 bps -0.3%