3rd Quarter Market Trends Reports Now Available

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Demand for office space is directly correlated to employment levels. Albuquerque's job growth has not been high enough to make a positive swing in the occupancy rate. In addition, office tenants are utilizing space more efficiently and the remote workforce is expanding as employees in many companies are starting to work from home. The office market is expected to be stagnant throught the balance of 2012, but will hopefully improve in early 2013 if we see more vibrant job growth. Click Here to download the 3rd Quarter 2012 Office Trends Report>>

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Albuquerque's industrial market is holding steady, however, the vacancy rate for older, functionally obsolete buildings is significantly higher than for more modern facilities. Many tenants are "right-sizing" their space requirements and occupying warehouses in a more efficient manner than in previous years. Most recent activity is in the 2,000-5,000 square foot range and is primarily from medical supply companies and service-based businesses. Industrial spaces that have less than 25% office build-out tend to have better occupancy levels than those with higher office concentrations. Click Here to download the 3rd Quarter 2012 Industrial Trends Report>>