Q2 2025 | Albuquerque Multifamily Market Report

Market Overview

In Q2 2025, Albuquerque’s multifamily market remained robust, with occupancy rising to 95.7 percent—a gain of 2.2 percentage points year-over-year. Annual rent growth reached 1.8 percent, underscoring sustained demand even as new supply came online. Developers delivered approximately 1,527 units in 2024, and roughly 1,251 units were under construction by year-end, signaling continued but measured expansion ahead.

About Colliers

Colliers is a global leader in commercial real estate services, headquartered in Toronto with operations across more than 60 countries. The firm delivers market insights across brokerage, capital markets, valuation, research, and advisory. Colliers’ multifamily Market Snapshot | - s blend regional data with local expertise to help investors, owners, and developers navigate market dynamics effectively.