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ABQ's office sector improves, retail sees largest project in years

Nov 06, 2018 - Albuquerque Business First

Albuquerque office space continues to drop in vacancy, according to the latest quarterly report from CBRE. And the city's retail scene saw it biggest building in five years.

The city's office space saw its third-highest net absorption in the past decade, thanks to two large transactions - Western Sky Community Care taking up 60,455 square feet in the far Northeast Heights and Systems Integration occupying 23,467 square feet. Both are new to market and moved into existing vacant space.

The city's office vacancy rate dropped to 19.2 percent in the third quarter, down from 20.4 percent in Q...