• During Q4 2017, the market recorded positive net absorption of 261,950 sq. ft., the second highest quarterly net absorption during the post-recession period.
  • The 5.7% vacancy rate this quarter was down 71 basis point (bps) from last quarter, and the lowest since Q2 2008.
  • There were 19 transactions greater than 10,000 sq. ft. tracked during the quarter. This was twice as many as were tracked for each quarter in 2017.
  • The North I-25 submarket led demand among all submarkets, recording 148,424 sq. ft. of positive net absorption or a 0.9% absorption rate.
  • The West Mesa submarket had 131,529 sq. ft. of positive net absorption or a 3.2% absorption rate.
  • The momentum of activities and improvements the market experienced in 2017 will likely decelerate in the next few quarters with no large occupancy expected.
  • However, there is a healthy amount of inquiries from large users interested in entering the Albuquerque market or expanding within the market, which is encouraging.