COVID-19 UPDATE: Designated as an essential business, we have remained open, sensible and proactive in our approach to ensure business continuity. We will continue to provide our clients and customers with updates and resources on the market and commercial real estate activity. To learn more, click here.

Retail Quarterly Report

Posted 29 Jul 21 By: No comments yet

Q2 2021 Retail Market Report

Summary Affordable real estate prices, a low cost of living and doing business, and a great quality of life are making Albuquerque a key destination for money makers and commercial property investors in the second quarter of 2021. And the market shows no signs of slowing down, with homes going for record high prices and…

Read Full Article
Posted 11 Feb 21 By: No comments yet

Q4 2020 Retail Market Report

Summary As 2020 falls into the rearview, we can dive into the numbers of the retail market during the last four quarters and see how Albuquerque has handled the pandemic. No one was able to foresee what would happen to the real estate market nationally or locally. Retail real estate was hit the hardest with…

Read Full Article
Posted 27 Oct 20 By: No comments yet

Q3 2020 Retail Market Report

Summary The Albuquerque retail industry is shifting across the board due to the prolonged economic effects of COVID-19. This situation has caused vacancy levels to rise and asking rents to decrease throughout the retail sector. In response to this “new normal,” restaurants have reconfigured their dining floor plans to accommodate for social distancing, outdoor seating…

Read Full Article
Posted 29 Jul 20 By: No comments yet

Q2 2020 Retail Market Report

Summary The impact of COVID-19 on retail 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 national retailers expanding into the Albuquerque MSA. Chipotle with their new drive-thru concept occupying 2,600 square foot space in…

Read Full Article
Posted 23 Apr 20 By: No comments yet

Q1 2020 Retail Market Report

Summary The first quarter of 2020 began with retail activity from prospects moving into new construction; the majority of activity coming from restaurant and experiential users. Experiential concepts were a driving force in the retail sector of the Albuquerque MSA. National tenants such as Top Golf broke ground and Urban Air Park opened for business,…

Read Full Article
Posted 16 Jan 20 By: No comments yet

2019 Q4 Retail Market Report

Summary Albuquerque retail markets improved in 2019. Net absorption was up despite store closures around town. Median asking lease rates remained around $14/SF while community centers are the only property type to record a higher lease rate. Activity in the Albuquerque MSA continues to grow with the most active sectors being the experiential retailers, which…

Read Full Article
memberships logomemberships logomemberships logomemberships logomemberships logomemberships logomemberships logomemberships logomemberships logo