Q3 2025 Albuquerque Multifamily Market Report

Market Overview

‍Albuquerque’s multifamily market held firm in Q3 2025, with occupancy at 95.2 percent and annual rent change settling at negative 0.8 percent as new supply continued to work through lease-up. The metro delivered 745 units over the past year while 731 units remained under construction, all expected within the next four quarters. Although rent growth has softened from prior highs, stable occupancy and a manageable pipeline signal a market that is recalibrating rather than contracting.

‍About Colliers

‍Colliers is a global real estate advisory firm providing research, brokerage and investment services. Their Albuquerque–Santa Fe Q3 2025 multifamily report offers detailed insight into rent performance, occupancy, construction activity and investment trends to help owners and investors assess timing and market conditions. To read the full report, click here.