What Retail Space Rent & Type to Expect in Albuquerque, NM
In Albuquerque, the average cost per square foot of renting retail space comes up to $14.68, based on local retail spaces listed for lease on our website. This price can be influenced by several factors, such as location, retail space type, space size, and the structure or type of the lease.
The most popular lease type in Albuquerque is NNN, with 56 space(s) available for rent under such an agreement.
You can also find 11 option(s) available with Modified Gross lease agreements, and 2 Full Service listing(s).
Most Common Type of Lease for Retail Listings in Albuquerque, NM
- NNN
56
- Modified Gross
11
- Full Service
2
Data based on retail spaces listed for rent on PropertyShark.com.
Learn More About Retail Space Listings in Albuquerque, NM
There is a total of 1,604,670 square feet of retail space in Albuquerque.
This includes retail spaces ranging from 425 to 206,278 square feet.
Most retail spaces in Albuquerque are sized 1,000 sqft to 2,500 sqft, with 112 retail listing(s) falling in this category.
Albuquerque is also home to 50 listing(s) in the 2,500 sqft to 5,000 sqft size range.
Retail Size Bucket
No. of Listings
more than 5,000 sqft
49
2,500 sqft to 5,000 sqft
50
1,000 sqft to 2,500 sqft
112
less than 1,000 sqft
14
Most retail spaces in Albuquerque fall within the Restaurant category, of which you can find 19 space(s) listed locally.
On average, this type of commercial space offers 3,107 square feet.
Restaurant retail space offers tenants all the amenities that such an establishment might need to prepare and serve food on the premises. That usually includes a seating area, separate kitchen and storage.
Albuquerque also hosts 8 Strip Retail space(s), which have an average square footage of 3,762 square feet.
Strip retail spaces target customers that intend to make a single stop for all their shopping needs. To that end, businesses that intend to rent a strip retail space can benefit greatly from filling a niche in a strip mall or complementing the other stores around them.
The third most popular type of retail space in the Albuquerque market is Interior Retail, of which you’ll see 1 listing(s).
Interior Retail spaces span 1,182 square feet on average.
Interior retail space is specifically designed to enhance the client’s experience, to encourage clients to engage with the products and services that are being offered, as well as to develop a certain consideration and appreciation for the brand.
Albuquerque, NM Retail for Lease Listings by Retail Use Type
- Restaurant
19
- Strip Retail
8
- Interior Retail
1
Data based on retail spaces listed for rent on PropertyShark.com.
Where You Are Most Likely to Find Retail Space in Albuquerque, NM
Some neighborhoods become famed shopping destinations thanks to their long retail history. Other times, an area’s potential for shoppers is boosted by the opening of a large shopping mall, attracting more retail development to take advantage of the influx of shoppers.
Bel Air is Albuquerque's most popular neighborhood for retail, currently home to 20 listing(s).
Another popular area for retail space in Albuquerque is Clayton Heights - Lomas Del Cielo, which currently offers 17 retail listing(s).
South San Pedro can also be counted among the best areas of Albuquerque for retail leasing opportunities. This South San Pedro submarket currently offers 16 retail listing(s).
Bel Air
20
Clayton Heights - Lomas Del Cielo
17
South San Pedro
16
ElDorado Heights
14
Near North Valley
8