Matrix Multifamily Albuquerque Report-April 2025 May 01, 2025

Mixed Progress in Albuquerque

Albuquerque’s advertised asking rents slid 0.1 percent on a T3 basis through February to $1,364 but were up 2.9 percent YoY, outperforming the 1.2 percent U.S. average. Meanwhile, investment dropped to the lowest level in a decade.