Office Space for Rent Albuquerque, NM

Office Space Albuquerque | Executive Suites | Private Offices

Offices.net features office centers in Albuquerque NM that currently offer a range of temporary, coworking and private office suites for lease ready for immediate occupation on flexible rental terms. These business centers, executive suites and dedicated cowork spaces are situated in prime locations throughout Albuquerque and include a wide range of business services, high spec facilities and amenities. If you require Albuquerque commercial real estate, an executive office suite or coworking office space for lease - you have come to the right place!

Offices.net features office centers in Albuquerque NM that currently offer a range of temporary, coworking and private office suites for lease ready for immediate occupation on flexible rental terms. These business centers, executive office and dedicated cowork spaces are situated in prime locations throughout Albuquerque and include a wide range of business services, high spec facilities and amenities. If you require Albuquerque commercial real estate, executive suites, or coworking office space for lease - you have come to the right place!

Take your pick from our wide range of private offices and commercial office space for lease. Simply click on a listing to discover more. Need help with your office property search? Get in touch by calling us on 972-913-2742 and we'll be happy to help you find the perfect commercial space to rent in Albuquerque, NM.

Finding Commercial Property: Albuquerque Office Space for Rent

The local office property market is fairly spread out and features a considerable amount of new office buildings, since many properties dating from the 1960s and 1970s were demolished as part of the City's Planned Growth Strategy. The most well-known office buildings are Albuquerque Plaza, Compass Bank Building, 505 Marquette, and Bank of the West Tower Building.

Albuquerque also has several business and industrial park properties offering a range of office, light industrial and warehouse space such as Broadbent Business Park incorporating office space and research and development space, the Class A industrial park in the West Interstate 40 area known as the Meridian Business Park and Sunport South Business Park as well several others that are part of the approved master development plans for Albuquerque.

Albuquerque is divided into 11 office sub-markets:

• Uptown - most expensive
• Mesa del Sol - most expensive
• Downtown Albuquerque
• North I-25
• Far Northeast Heights
• Southeast Heights
• Northeast Heights
• Rio Rancho
• West Mesa
• Airport - least expensive
• University - least expensive

All these amount to more than 14 million square feet of office space, the majority of which is Class B. Vacancy rates are relatively high and hover at around 20 percent, although they are down to single digit rates in Northeast and Southeast Heights. By contrast, they can exceed 30 percent in the airport area or West Mesa.

These figures are above the US average, but are in line with other secondary markets in the South West, and are posed to decrease given a tendency for tenants to move into new premises instead of renewing their lease.

Direct asking lease rates average $17 / sq ft / year across all sub-markets, with the priciest properties being in Mesa del Sol and Uptown ($23 and $19 respectively), and the lowest in the Airport and University areas (2017 data).

Albuquerque for Business

New Mexico's largest city has a rich history that goes back several centuries, although the city was only founded as such in 1706. Due to its strategic location by the Rio Grande and near the Mexican border, defense and transportation always had a strong presence in the city. As the economy continued to diversify, Albuquerque grew in population and in the mid 2000s it was one of the fastest-growing cities in the United States.

Albuquerque is located at the heart of New Mexico's Technology Corridor, which extends from Santa Fe to the Mexican border. As part of the corridor, the city is a high-tech hub with a focus on renewable energy and solar technology. Other notable industry clusters include aerospace, advanced manufacturing, nanotechnology, IT, semi-conductors, and digital media.

The largest employers in the city include a mix of manufacturers, technology firms, and public / government institutions, such as Kirtland Air Force Base, the University of New Mexico, the local public school's system, Sandia Laboratories, Presbyterian Hospital, The City of Albuquerque, the State of New Mexico, Intel, Honeywell, General Mills, and Schott Solar.

Albuquerque's labor market favors the recruitment of employees for roles that require college education, as there are more than 60,000 students in the city. However, vacancies in construction, waste management, admin, wholesale trade, and healthcare are hard to fill due to a shortage of candidates with specialized skills. Nevertheless, there are workforce development programs to help employers acquire and improve their skill base. These are offered by the Central New Mexico Workforce Training Center, the Department of Workforce Solutions, and the University of New Mexico Continuing Education.

Local authorities work to turn Albuquerque into one of New Mexico's most favorable cities for entrepreneurial activity. Eligible business owners can access the already existing range of incentives targeting job creation in specific sectors like aerospace, manufacturing, technology, alternative energy, and film production.

Contact Offices.net

Most of the business centers and business parks that we feature offer offices for lease that are fully furnished and equipped with easy access to major road networks. Some of the serviced office space for rent can be configured to meet the needs of your business. Many office providers will customize the commercial space for you and allow you to decorate to give you more control over your environment and branding.

If you'd like to find out more about Offices.net's short term office rental solutions in Albuquerque, select your preferred offices for lease from the list above to add them to the inquiry form. The temporary office space, business suites, coworking and shared work spaces available are situated in prime locations throughout Albuquerque, New Mexico, and are available for rent at competitive rates, on flexible terms to suit your individual requirements.