Land/Industrial – 2025 Q2 Market Review

Stabilizing vacancy rate and steady rents mark Q2

At the end of last year, the vacancy rate for industrial real estate in Greater Albuquerque peaked at 4.91%, following nine straight quarterly increases. But in the last six months it has dropped to just over 4%, indicating a possible stabilization of the market. As of this writing, 150 independent units are available for lease. Of those, 50% (75 units) measure at 5,000 square feet or less. Availability steadily declines as unit size increases: 37 units are available in the 5,001 – 10,000 SF range; 19 units are available in the 10,001 – 20,000 SF range; 9 units are available in the 20,001 – 30,000 SF range; 2 units are available in the 30,001 – 40,000 SF range; and 3 units are available in the 40,001 – 50,000 SF range.

However, there remains an oversupply of units in the 50,000 SF+ range (5). Large, bulk spaces like these are challenging to lease in the current market. The tenants that occupy them (typically large, multinational companies) have been holding off on relocating or expanding amid tariff uncertainty and the lingering high interest environment, among other factors.

Download Lease Report: Q2 2025 Land & Industrial Quarterly Lease Report

Download Sale Report: Q2 2025 Land & Industrial Quarterly Sale Report

The Land and Industrial Q2 market research and data is compiled by NAI SunVista commercial real estate land and industrial specialist, Riley McKee. Riley advises industrial and logistics real estate owners and occupiers on leasing, acquisitions, and dispositions.