Santa Fe Quarterly Report
Q4 2020 Santa Fe Market Review
Summary Without a doubt, 2020 has been a unique year that no one could have ever anticipated. Who would have ever thought that big-box giants like Target, Smiths, and Walmart would have to close for a period? That hotels would have such dramatic drops in reservations that they would consider closing? Or that small local…
Read Full ArticleQ3 2020 Santa Fe Market Review
Summary Santa Fe is growing steadily toward the south and southwest quadrants of the city. Residential projects, especially multifamily, have gained market velocity this year with four apartment communities near completion and three others under construction. Vizcaya III, Broadstone, Capitol Flats & San Isidro III are already leasing and are seeing strong activity. South Meadows…
Read Full ArticleQ2 2020 Santa Fe Market Review
Summary The industrial market is characterized as a very stable asset class, and in the face of these uncertain times, it is standing firm. So far this year, the pandemic has not had a large impact on the industrial market in Santa Fe, although nationally some distribution centers have been affected due to the slowdown…
Read Full ArticleQ1 2020 Santa Fe Market Report
Summary 2020 started with increased activity from prospects moving into higher quality office buildings. It was anticipated 2020 would be a great year for those properties focused on offering a high-quality product. The year started with a lease rate averaging $20.21 per square foot and a vacancy rate of 11.87%. A higher demand for smaller…
Read Full Article
