• The Albuquerque industrial market closed 2020 with 356,926 sq. ft. of net absorption, the fourth consecutive year of positive net absorption.
  • The overall vacancy rate decreased 30 basis points, from H1 2020, to 2.5%.
  • There were three projects under construction, all build-to-suit developments,  totaling about 838,000 sq. ft. 
  • The overall median NNN asking lease rate for H2 2020 was $7.67 per sq. ft., 10.4% higher from H2 2019.