Albuquerque Retail Figures Q3 2025

- The Albuquerque retail market saw a slight tightening in Q3 2025, with the availability rate inching up to 3.5%, a modest 10 basis-point (bps) increase from the previous quarter.

- A momentum shift was evident in Q3 2025, as net absorption flipped to negative 40,000 sq. ft. This marks a notable change from the positive 160,000 sq. ft. absorbed in Q2.

- Construction activity picked up pace in Q3 2025. Developers delivered 29,000 sq. ft. of new retail space, more than tripling the 9,000 sq. ft. completed in Q2.

- The average asking rent in Albuquerque's retail market cooled slightly in Q3 2025, settling at $16.83 per sq. ft., a modest decrease of $0.19 from the previous quarter.