Albuquerque, NM Multifamily Market Report | Colliers | Q1 2026

Market Overview

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Albuquerque's multifamily market recorded 683 units delivered in the trailing year ending Q1 2026, as the market absorbed new supply at a measured pace. Occupancy settled at 94.9%, down 0.5 points year-over-year, while same-store effective asking rents declined 2.3% annually, below the market's five-year average of 6.3%. A total of 619 units remained under construction, with 509 units expected to be completed within the next four quarters, keeping the near-term pipeline manageable as the market works toward a more balanced supply-demand environment.

‍About Colliers

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Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q1 2026 Albuquerque multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.