Matrix Multifamily Albuquerque Report-Summer 2021 September 15, 2021

Albuquerque records consistent recovery

Following a softer first quarter in rent growth, Albuquerque’s rents rose 1.9% to $1,079 on a trailing three-month basis through July. The job market posted a 3.2% contraction in the 12 months ending in May, improving from the -5.7% rate the month prior.