Albuquerque’s apartment market is gearing up for another wave of new construction in 2026, which could push vacancy rates higher and keep rent growth sluggish. However, strong demand for luxury apartments and improving interest in mid-priced units suggest the market may stabilize sooner than expected.
CoStar Insight
Albuquerque’s apartment market faces new challenges
Five key takeaways heading into 2026
CoStar Analytics
December 19, 2025 | 2:51 P.M.
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