2023 Office Space Rent & Sales
- $18.01 2023 Avg. Asking Rent
- 40.23% 2023 Office Vacancy Rate
Rio Rancho office price per square foot in 2023 was $18.01 on average. The local office market recorded an average vacancy rate of 40.23% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- New Mexico Class A & A+ Office Space$22.45
- New Mexico Class B Office Space$18.11
- New Mexico Class C Office Space$20.08
Rio Rancho, NM Office Asking Rents by Class
Office Spaces for Rent in New Mexico
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2023 Office Construction in Rio Rancho, NM
| Office building | Address | SF | Completed |
|---|---|---|---|
| 100% LEASED Turnkey Class A Medical Office Investment | 1101 Golf Course Rd SE, 87124 | 16,114 | 2010 |
| 2351 HP Way NE | 2351 HP Way NE, 87144 | 218,043 | 2009 |
| 4311 Sara Road SE | 4311 Sara Road SE, 87124 | 27,000 | 2009 |
Worth noting among recent office completions on the Rio Rancho market is 100% LEASED Turnkey Class A Medical Office Investment, which is currently the largest new office development in the city, at 16,114 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Rio Rancho commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.