Albuquerque’s Apartment rental rates are expected to climb 2.1 percent in 2016.

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.

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