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Apartment Vacancies May Be Close to Peaking in Albuquerque

Construction Boom Is Winding Down, but Rents Likely to Remain Suppressed in 2024
CoStar Analytics
March 14, 2024 | 9:04 P.M.

Albuquerque, New Mexico’s apartment market soon could find relief from a historic construction boom that sent vacancies soaring, but the onslaught of new units during the past year may suppress rent growth, particularly in the luxury segment.

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