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Albuquerque Market Overview
Office - 4th Quarter 2012 Report
- The overall vacancy rate declined by 31 basis points compared to last quarter, down 74 basis points from one year ago.
- The North I-25 submarket showed improvement and saw a vacancy rate decline of 265 basis points from the end of 2011.
- The Class B vacancy rate declined by 161 basis points from one year ago.
- Overall median asking lease rates remain unchanged from last quarter and one year ago.
- Lowe's Home Improvement will expand its call center by 32,000 sf, boosting the office net absorption in the spring of 2013.
- Consolidations and downsizing already announced for 2013 will offset positive activity in the coming year.
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Sperry Van Ness Team Deals
Completed Transactions
SOLD - Office Building at 200 - 214 Gold Avenue
SOLD - Industrial Property at 5717 Edith Boulevard
LEASED - Office Suite at 2808 Central Avenue
LEASED - Office Suite at 3712 Central Avenue
LEASED - Office Suite at 202C Central Avenue
LEASED - Two Office Suites at 2625 Pennsylvania Street
Featured Properties
2817 Coors Boulevard for LEASE - Contact Agent for Details
3900 San Mateo Boulevard for LEASE - Contact Agent for Details
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