September 19, 2024

Matrix Multifamily Albuquerque Report-September 2024

Albuquerque’s advertised asking rents rose 0.5 percent on a YoY basis through July, 20 bps ahead of the U.S. growth rate. Amid high volumes of deliveries, occupancy decreased 50 bps YoY to a still healthy 94.9 percent in June.

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