Matrix Multifamily Albuquerque Report-September 2022 September 30, 2022

Albuquerque Maintains Steady Progress

Albuquerque rents clocked in at 1.1 percent on a T3 basis through July, the third straight month of above-trend improvement. However, the metro is still fairly affordable by national standards. Deliveries softened, but transaction activity remained elevated, with the volume through July surpassing $502 million.