Matrix Multifamily Albuquerque Report-September 2023 October 01, 2023

Albuquerque Leads Rent Growth

Rent growth in Albuquerque posted the highest YoY rate in July, up 5.8 percent, outperforming the U.S. by 420 bps. At $1,327, the average rent remained well behind the $1,729 national rate. Occupancy slid just 10 bps YoY, to 95.5 percent in June.