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If you’re running a company that’s looking for a large, move-in ready warehouse in Albuquerque, you may be out of luck.
Albuquerque’s already low industrial vacancy rate dipped below 2% during the second quarter of 2021, which represents a new record low for the market.
An industrial building near Coors and Bluewater NW in Albuquerque. Albuquerque posted a vacancy rate of 1.71% in the second quarter of 2021, which industrial real estate experts say is a historic low. (Mike Sandoval/For The Journal)
According to a market report from real estate firm NAI SunVista published earlier this week, the vacancy rate for industrial space in metro Albuquerque stood at 1.98% in June, down from 2.29% a quarter prior. Just over 775,000 square feet of industrial space was available across the entire city, according to the report.
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