Land & Industrial Quarterly Reports
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….
Read Full ArticleLand/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…
Read Full ArticleLand/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…
Read Full ArticleQ1 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….
Read Full ArticleQ4 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…
Read Full ArticleQ3 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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