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Office & Medical Quarterly Report

Posted 29 Jul 20 By: No comments yet

Q2 2020 Office Market Insights

Covid’s effect on Office Space There is no doubt, COVID-19 has been a shock to public health and the economy.  As the toll of new cases subsides on some states and increases in others, it is becoming clear that “normal life” is becoming something different.  Changes in work routines during the coronavirus may become permanent….

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Posted 23 Apr 20 By: No comments yet

Q1 2020 Office/Healthcare Market Report

Summary The first quarter of 2020 began strong with over 40 office/healthcare transactions completed by the NAI Maestas & Ward Office Team. The market notes the most reported transactions continue to be areas with a heavy concentration of tech related fields. While showings at available properties have slowed at the end of Q1 due to…

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Posted 23 Jan 20 By: No comments yet

Q4 2019 Office/Healthcare Market Report

Summary Office rental rates continue to be strong during the 3rd and 4th quarters of 2019, with lease rates averaging $17.92 per square foot. Average vacancy rates are 17.2%, with high demand locations experiencing rates as low as 14%. While Albuquerque unemployment continues to mirror the national trend falling well below 5%, the skilled labor…

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