A driver of the modest recovery is an increase of office building acquisitions by owner-occupants. Sales activity accounted for nearly two-thirds of the total space absorbed since 2014.Read More
Tim With: "Just as in the residential sector, commercial real estate data is becoming a commodity and more accessible. The availability of more data will educate the public, and to be successful, brokerage companies will need to focus more and more on providing ...Read More
Albuquerque Office Market Update
The 60 basis point jump in vacancy this quarter was a modest increase and within normal ranges. Unfortunately this increase brought the office vacancy into record territory and is at the highest level yet since the new millennium began. A majority of the increase is attributed to just over 90,000 square feet of space being vacated by two companies. Cardinal Health and Lovelace Health Plan both shuttered their operations as a result of a business unit transfer and an acquisition by another health plan.Read More
The Ransom/With/Bandoni team successfully sold the 7,000+/- square foot, freestanding office building located at 4910 Alameda Blvd NE. Built in 2004, the building is part of the very successful Otoño Plaza 6-building office park...