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Retail Quarterly Report

Posted 23 Apr 20 By: No comments yet

Q1 2020 Retail Market Report

Summary The first quarter of 2020 began with retail activity from prospects moving into new construction; the majority of activity coming from restaurant and experiential users. Experiential concepts were a driving force in the retail sector of the Albuquerque MSA. National tenants such as Top Golf broke ground and Urban Air Park opened for business,…

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Posted 16 Jan 20 By: No comments yet

2019 Q4 Retail Market Report

Summary Albuquerque retail markets improved in 2019. Net absorption was up despite store closures around town. Median asking lease rates remained around $14/SF while community centers are the only property type to record a higher lease rate. Activity in the Albuquerque MSA continues to grow with the most active sectors being the experiential retailers, which…

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