From Albuquerque Business First this week: In February, NAI SunVista brokers helped the owner and founder of Bedrock Kitchen line up an alternative investor so she could purchase the restaurant’s property in a busy corridor of Fourth Street NW. We…
The Albuquerque commercial real estate market, particularly the office sector, continues to evolve amid changing workforce dynamics, economic trends, and shifting business needs. While demand for traditional office space has seen fluctuations in recent years, certain segments remain resilient, presenting…
Many companies have now adjusted to the appropriate size of their office spaces, leading to a decline in the post-pandemic trend of downsizing. In fact, approximately 40% of offices plan to expand within the next three years, according to a…
As we move into the latter half of 2024, the commercial real estate landscape presents several notable trends and opportunities. Here are some key points. Multifamily and Neighborhood Retail continue to perform well with Neighborhood Retail success extending beyond Class…
Interest rate reductions have become a recurring topic in the news amidst various economic factors, including the upcoming election year, inflation concerns, and rising employment figures. However, the prospect of rate cuts in 2024 is not straightforward, given the challenges…
A number of fluctuating factors are contributing to an improving outlook for commercial real estate this spring. Here's a quick look at the macro and micro pictures. Inflation dynamics Inflation remains a central concern for market participants, with recent…
10 Myth busters for Downtown Albuquerque: Perception versus realty of Albuquerque’s Central Business District 1. Myth: Downtown Albuquerque is dead. Fact: Downtown Albuquerque is in the midst of a major multimillion-dollar revitalization. You will find bustling nightlife along Central…
"The harder you work, the luckier you get." This couldn't be more true in commercial real estate. As advisors, we have to make a lot of calls and reach out to a lot of people to finally get lucky enough…
Often in my business clients ask me to explain the process of acquiring their space. The process consists of understanding the time it will take to search the market, negotiate the business points, performing the tenant improvements, the act of…
As we say good bye to 2022, it is time to give thought to our 2023 outlook as well as take a look at some predictions for 2023. Recession is a word that comes up consistently in conversations about the…