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
Southeast 40997 BC $710
Southeast 41284 BC $636
Northeast 41329 BC $654
Northeast 49408 A $1,013
North Central 58538 A $936
Northeast 40633 BC $648
North Central 41020 A $752
North Central 07010 A $0
Southeast 41336 BC $536
North Central 41129 A $828

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%