Market Overview 2019

Albuquerque, New Mexico

Metro population:

911,000

Median Home Income:

51,000 dollars

Unemployment rate:

3.6%

Median house price:

156,000 dollars

Median monthly rent:

1,223 dollars

Albuquerque, located in the middle of the Rio Grande Valley, is the most populous city in the state of New Mexico and the 32nd most populous city in the United States.

Best known for its annual balloon fiesta and as the setting for AMC's “Breaking Bad,” Albuquerque, New Mexico, is a culturally rich and naturally beautiful metropolitan area. Albuquerque is also one of the largest cities in the Southwest, with a diverse population and some of the nation's leading high-tech research facilities, including Sandia National Laboratories, Intel, and the University of New Mexico. At the same time, its cultural traditions continue to be an essential part of daily life in the city. With one foot in the past, one foot in the present and both eyes on the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: https://www.visitalbuquerque.org/about-abq/history/)

Why invest here?

Albuquerque is the center of the "New Mexico Technology Corridor", a concentration of high-tech private companies and government institutions located along the Rio Grande River. It is also home to Intel, Sandia National Laboratories, Kirkland Air Force Base and four universities. And we could see more jobs and movies coming out of the region as Netflix plans to move their new US production center to the region. More exciting news for Albuquerque:

  • In October, Netflix announced that it would be moving its new US production center to Albuquerque. According to the company, this should bring $1,000 billion to New Mexico manufacturing over the next decade and up to XNUMX manufacturing jobs a year.
  • In April 2018, Carenet Healthcare announced it would invest $3 million in a downtown Albuquerque location and create up to 244 new jobs. Carenet Healthcare will support the New Mexico Closing Fund, LEDA and the Job Training Incentive Program, JTIP. New jobs in downtown Albuquerque will bring economic activity to small businesses and new development.
  • John Irwin, CEO of Carenet Healthcare, said that the company is excited to expand its operations in New Mexico and is grateful for the support. The company will sign a 10-year lease on their building.
  • In April 2018, 2NDGear (a leading provider of refurbished IT equipment for educational systems) announced that it would create 100 new jobs in Albuquerque and invest up to one million dollars in its operations in New Mexico. 2NDGEAR will pursue JTIP funding. Richard Hurd, president of 2NDGEAR's parent company, Insight Investments, said New Mexico's hospitality and tax reforms helped his company decide to expand in Albuquerque. In the last two years, many cities have been considered for their new expansion.
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Known primarily for its annual balloon fiesta and as part of AMC's performance show "Breaking Bad," Albuquerque, New Mexico, is a metropolitan area rich in culture and naturally beautiful. Albuquerque is also one of the largest cities in the southwest of the city, with a diverse population and some of the leading high-tech research enterprises in the country, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an integral part of daily life in the city. With one foot in the past, one foot in the present and two eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)

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Lior Lustig

Chief Manager - The Investors Forum

Lior Lustig is an experienced real estate investor who has been active in the field in Israel and the USA since 2007. Lior has extensive experience in purchasing and managing single and multi-family properties.
Today, Lior manages the Real Estate Investor Forum company which owns a real estate brand and, for that matter, the Facebook group and the "USA Real Estate Forum" website. Lior is well versed in a wide variety of investment markets in the United States and provides solutions to investors through the company.