Albuquerque, New Mexico, is a prime location for businesses looking to establish a strong presence in the Southwest. With a population of around 560,000, the city offers a diverse range of amenities, infrastructure, and educational institutions that make it an attractive location for companies. The city's economy is highly diversified, with a focus on sectors such as science, medicine, technology, commerce, education, and culture. This diversity is reflected in the many characteristics of the location, including the presence of federal installations, private healthcare facilities, academic institutions, and private companies engaged in research and development. The city is also home to the University of New Mexico, the largest university in the state, and Central New Mexico Community College, a county-funded junior college. Additionally, Albuquerque offers various entertainment options, shopping centers, and resort casinos, making it a vibrant and diverse metropolitan area in the Southwest. With 82 retail spaces for lease, businesses can find the perfect location to establish their presence in this thriving city.
Albuquerque's retail spaces for lease offer a unique opportunity for businesses to tap into the city's diverse economy. With an average annual rent of $21 USD per square foot, and average space sizes ranging from 4,218 to 63,740 square feet, businesses can find the perfect space to suit their needs. The city's retail spaces are surrounded by a range of amenities, including the ABQ BioPark Botanic Garden, ABQ BioPark Aquarium, Tingley Beach, and ABQ BioPark Zoo, making it an attractive location for customers. Additionally, the city is home to various shopping centers and malls, such as ABQ Uptown, Coronado, Cottonwood, Nob Hill, and Winrock, providing a range of options for businesses looking to establish a retail presence. Restaurants, medical offices, and office spaces are also available in the city, offering a range of options for businesses looking to establish a presence in Albuquerque. With its diverse economy, range of amenities, and available retail spaces, Albuquerque is an attractive location for businesses looking to establish a strong presence in the Southwest.
What is the average cost per square foot for retail space in Albuquerque?
On average, retail space in Albuquerque costs approximately $21 USD per square foot, with available listings totaling 82, and average space sizes ranging from 4,218 square feet to a maximum of 63,740 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or grocery stores, can have a significant impact on surrounding retail space leases in Albuquerque, as they attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and lower vacancy rates, with the average annual rent per square foot for retail space in Albuquerque being $21 USD and the average size of available retail spaces being 4,218 square feet, with some spaces available up to 63,740 square feet.
