Matrix Multifamily Albuquerque Report-Spring 2021 April 22, 2021

Albuquerque’s improving fundamentals

Albuquerque rents appreciated by 0.3% on a trailing three-month basis and by 6.1% on a year-over-year basis through February to $994. The employment market, at -4.8% in the year ending in December, outperformed the national average by 200 basis points.