Retail – 2025 Q2 Market Review
Industry News | Quarterly Reports | Retail
Duke City Retail Remains Resilient and Landlord-Favorable
The tariff saga mentioned in the Q1 iteration of this report has yet to have a dramatic impact on the retail market in Albuquerque, although the long-term effects are still uncertain. Despite cooling in asset classes like industrial & multifamily, retail has remained resilient and continues to be a desirable asset class to investors, both local and national.
Retail NNN rates jumped in Q2 to an average asking rate of $18.57 in June ‘25, up from $18.32 at the end of March ‘25. On the west side areas, including the Southwest Mesa, asking NNN rates are above the city-wide average with a rate $20.84/psf at the end of June ‘25. As may be expected, east side asking NNN rates are closer to the city-wide average, with a figure of $18.30/psf.
Download Full Report: Q2 2025 Retail Market Report
The Land and Industrial Q2 market research and data is compiled by NAI SunVista commercial retail specialist, Ethan Melvin. Ethan advises industrial and logistics real estate owners and occupiers on leasing, acquisitions, and dispositions.
