RENTS ARE GOING UP IN THE ALBUQUERQUE METRO … AND SO ARE OCCUPANCY RATES. THE ALBUQUERQUE JOURNAL REPORTS THE AVERAGE RENT IN THE DUKE CITY IS 3-POINT-3 PERCENT HIGHER OVER THE PAST YEAR … AND THAT INCLUDES FOR BOTH THE MARKET RATE AND AFFORDABLE APARTMENTS.
THE OCCUPANCY RATE HERE EDGED UP OVER THE PAST YEAR FROM 95-POINT-4 PERCENT TO 95-POINT-8 PERCENT. ON AVERAGE, RENTERS PAID 843 DOLLARS A MONTH IN SEPTEMBER. AND INVESTORS CONTINUE TO ADD TO THE SUPPLY OF RENTAL PROPERTIES WITH ABOUT A THOUSAND UNITS EXPECTED BETWEEN THIS YEAR AND 2019.
