Albuquerque’s rent prices and apartment occupancy rates are expected to increase in 2016, according to a forecast by Berkadia. Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corp., recently released its 2016 Apartment Forecast, which looked at Albuquerque’s metro area. Berkadia predicts Albuquerque’s apartment rents will climb 2.1 percent in 2016, causing rent prices to increase from about $826 in 2015 to $843 per month by December. The firm also predicts vacancy rates will continue to go down, and with more people renting, rental concessions such as move-in promotions will fall.
Posted by: Blair Hart on January 20, 2016