Matrix Multifamily Albuquerque Report-April 2026 April 22, 2026

Albuquerque deliveries peak, rents retreat

Employment remained a bright spot in Albuquerque, up 1.2 percent YoY, outperforming the 0.6 percent U.S. rate. After deliveries peaked in 2025, advertised asking rents fell 0.9 percent YoY through February and occupancy slipped 30 bps to 94.3 percent.