Albuquerque Retail Commercial Real Estate
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Retail Commercial Real Estate in Albuquerque
The most populous and popular city in New Mexico, Albuquerque is a mecca for those seeking a retail hub in the American southwest.
The city is known for its economic powers in science, medicine, biotechnology, education, and commerce, but its strength remains in its culture and history. Highly talented professionals have long been attracted to Albuquerque’s unique sense of art, music, and beautiful, predictable weather in addition to its business acumen.
Thanks to a long history of government funding and research projects, Albuquerque hosts an incredible amount of highly technical and affluent talent that has money to spend. Retailers should look toward the downtown corridor, Journal Center, or Vista Encantada for the highest visibility and best foot traffic.
Because of the city’s impressive tourist traffic, which has generated over $2 billion in revenue in 2018, there’s plenty of opportunity for companies to establish themselves in the ABQ for visitors and locals alike.
From boutique malls to high-end shopping experiences to discount retail outlets, Albuquerque makes for an exceptional opportunity for companies of every shape and size. The geographic makeup of the city allows for an incredible and unique retail landscape that caters to both tourists and locals alike, sparing no real advantage to those who choose between a clustered downtown and far-reaching neighborhoods along major commuter corridors.
Market Stats
Albuquerque has 1,233 commercial real estate spaces for lease, representing 7,659,646 sqft space.
948 buildings are available for sale.
In the past 30 days, Albuquerque has had 274 spaces leased and 3 new spaces come on market.