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Land & Industrial Quarterly Reports

Posted 14 Apr 21 By: No comments yet

Land/Industrial Q1 2021 Market Report

Summary One full year into the COVID-19 pandemic, the industrial real estate market continues its strong run, despite disruptions to just about every other industry in the US economy. Vacancy rates have largely remained flat, though the current rate (2.29%) is roughly 0.4% less than it was 12 months ago (2.70%). Lease rates—after a lengthy…

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Posted 13 Jan 21 By: No comments yet

Land/Industrial Q4 2020 Market Report

Summary Nine months after COVID-19 unexpectedly disrupted a previously strong economy, the industrial real estate market so far has not been negatively impacted. The vacancy rate—effectively unchanged from this time a year ago—continues to hover between 2-3%. Several large transactions were completed in Q4, including 2121 Claremont Ave. NE, (38,872 SF), 3921 Academy Parkway N….

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Posted 09 Oct 20 By: No comments yet

Land/Industrial Q3 2020 Market Report

Summary Two quarters into the COVID-19 crisis and industrial real estate has yet to be seriously impacted. Sale activity is robust due to ultra-competitive lending terms, while lease activity, though not quite as strong is healthy in its own right. The vacancy rate remains low as a result of several large transactions, most notably the…

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Posted 15 Jul 20 By: No comments yet

Land/Industrial Q2 2020 Market Report

Summary The impact of COVID-19 on industrial real estate remains ambiguous. Vacancy and lease rate figures for the second quarter of 2020 remained stable while leasing activity mirrored preceding quarters. Noteworthy among recently executed leases is a new construction, 5,100 square foot office/warehouse located at 3301 Candelaria Rd. The asking lease rate of $9.00 per…

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Posted 08 Apr 20 By: No comments yet

Q1 2020 Land & Industrial Market Report

Summary 2020 has picked up right where 2019 left off. Vacancy remains stable, hovering between 2.5% and 3.0% while lease rates continue a slow, steady ascent. Multiple new construction projects are in the works at 7901 Las Lomitas, 7410 Washington, and 3301 Candelaria to go with the recently completed office/ warehouse building at 4455 Anaheim….

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Posted 31 Dec 19 By: No comments yet

Q4 2019 Land and Industrial Market Review

Summary As 2019 wraps up, the industrial vacancy rate in Albuquerque is still hovering at or near its historic low. The market appears to have stabilized as new vacancies are coming to the market at roughly the same pace as existing vacancies are absorbed. A scenario in which the vacancy rate drops significantly below its…

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Posted 30 Sep 19 By: No comments yet

Q3 2019 Land and Industrial Market Review

Summary The industrial vacancy rate continues to trend downward and has reached multiple historic lows in 2019. Since July, the rate has increased roughly 0.4% which can be attributed to the addition of several recently vacated properties. New construction has not contributed much to this increase as only two projects are actively underway. Median lease…

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