Matrix Multifamily Albuquerque Report-April 2022 April 28, 2022

Albuquerque Starts Year at Slow but Steady Pace

Albuquerque rent growth slowed to 0.2 percent on a T3 basis through February, reaching $1,186, while on a year-over-year basis improvement outpaced the national rate at 17.7 percent. Deliveries were sluggish to start the year, with the market notoriously slow to add to its rental stock.