-
1 month ago | 
bizjournals.com | Jayme Sileo
A buildup of inventory and longer stays on the market may point to a further price decline for more than just Albuquerque. The median home price in Albuquerque’s residential market was $359,500 in February, a small decrease from the $360,000 median home price in January 2025, according to the Greater Albuquerque Association of Realtors monthly market report.
-
Jan 13, 2025 | 
bizjournals.com | Jayme Sileo
A $5.01M permit renewal for a new food institute and structure additions at Kairos Power led the 22 commercial building permits issued last week by the City of Albuquerque. The City of Albuquerque issued 22 commercial building permits between Jan. 6 and Jan. 10. The permit for the largest project in terms of estimated cost was issued on Jan. 10 to Emily Brudenell for a new building at 1407 Fourth St. SW. The project is estimated to be about 12,070 square feet.
-
Jan 7, 2025 | 
bizjournals.com | Jayme Sileo
The city of Albuquerque issued 11 commercial building permits between Dec. 30, 2024, and Jan. 3, 2025The permit for the largest project in terms of square footage and estimated cost was issued Dec. 30 to Robert Jacknewitz for a new building at 8301 Daytona Road NW. The project is estimated to be about 98,695 square feet. The estimated cost of the work is about $30,697,396. The work will be done by Paric Corp.
-
Nov 27, 2024 | 
bizjournals.com | Jayme Sileo
The road infrastructure in New Mexico was ranked as one of the worst in the country, and New Mexicans are spending more time on the road. New Mexico ranked at No. 48 for the worst road infrastructure in the country according to a new study by LendingTree. Data analysis of Bureau of Transportation Statistics (BTS) data found the states with the best, and worst, road infrastructure in the country.
-
Nov 25, 2024 | 
bizjournals.com | Jayme Sileo
In New Mexico, bankruptcy cases saw the third highest growth in the country in 2024, according to data analysis from the United States Courts. New Mexico had the third highest increase in bankruptcy filings in the US in 2024, according to a study by personal injury lawyers Injured in Florida. The study analyzed data from June 2023 to June 2024 from the United States Courts to determine which states experienced the largest increases in bankruptcy cases.
-
Nov 24, 2024 | 
bizjournals.com | Ty West |Jayme Sileo
As more employers embrace permanent remote work, large metros with high affordability could find themselves in a prime position. Here are the 30 most affordable large metros in the nation. Albuquerque is one of the top 30 most affordable cities according to data analysis by The Business Journals. The analysis examined regional affordability data from the U.S. Bureau of Economic Analysis (BEA) for the 100 largest metro areas in 2019. Albuquerque ranked at 27 overall out of the 100 cities examined.
-
Nov 21, 2024 | 
bizjournals.com | Jayme Sileo
Education funding in New Mexico outpaces national and regional growth, with total education appropriations increasing 82.7% since 1980. Higher education is one of the largest chunks of New Mexico’s general fund budget, with $1.7 billion in funding during fiscal year 2023, according to the State Higher Education Finance (SHEF).
-
Nov 21, 2024 | 
bizjournals.com | Jayme Sileo
A new study finds New Mexico may be one of the most dangerous places to live, particularly for younger people in the workforce. A recent study by Bader Scott found New Mexico to be the fourth most dangerous statein terms of air quality, climate, natural hazards, non-violent crime, traffic safety and violent crime. Based on the habitability report by Bader Scott, New Mexico had the third worst score for air quality and pollution after Wisconsin and Missouri.
-
Nov 13, 2024 | 
bizjournals.com | Jayme Sileo
Albuquerque home prices saw a surge in October after prices decreased in late summer, and an increase in the number of days homes spend on the residential market could mean a slowdown. In the Albuquerque residential market, the median housing price in October surged to $370,000, a 3.06% increase compared to the September median housing price of $359,000. Compared to October 2023, when the median home price was $357,690, prices increased by 7.25%.
-
Nov 7, 2024 | 
bizjournals.com | Jayme Sileo
Meeting spaces and convention facilities come in all shapes and sizes in New Mexico. As part of Albuquerque Business First's annual Meeting Spaces and Convention Facilities List, ABF asked companies how the industry is evolving. Here's what some participants on The List had to say:What sort of trends are you expecting to see in future events? What are your favorite New Mexico vendors you recommend for your meeting space?
