Albuquerque\u2019s multifamily market, which started the year with mixed results, maintained a similar trend through the beginning of the third quarter, according to the latest Yardi Matrix Albuquerque multifamily market report. Average advertised asking rents were up 0.3%, on a trailing three-month basis through July, to an average of $1,394. Year-over-year, rates were up 1.8%, which is more than double the 0.8% national figure. An influx of new supply in the past two years led to a slight drop in occupancy\u2014the average slid 30 basis points, to 94.7%, on par with the U.S. rate, as reported in the national multifamily market outlook<\/strong><\/a>.<\/p>\n