Downtown Albuquerque Landmark Office
For Lease
$16.50 SF/Yr
505 Marquette Ave NW, Albuquerque, NM 87102
Premier downtown location with modern amenities and telecommunications infrastructure.
Property Size223,000 SF
Days on Market251
Property Features for 505 Marquette Ave NW
General Information
Standard status
Active
Size
223,000 SF
Property subtype
Office
Listing Agency:
(505) 269-9358
Listed By:
Walt Arnold, CCIM, SIOR · License #NM #9117
(505) 269-9358
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 4:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Walt Arnold, CCIM, SIOR
Investment Insights
Based on property information with market context.
505 Marquette is a landmark office building located in the heart of Downtown Albuquerque. It serves as the city’s telecommunications infrastructure hub, hosting over 15 regional and international carriers. Tenants benefit from leading-edge bandwidth and colocation opportunities within the building’s "meet-me room." The property provides striking views and a range of amenities, including secured garage parking, an on-site café, a large fitness center, and storage space. Visitor parking is conveniently available on the surface. On-site banking services are also provided. The building has undergone significant modernization, including $2 million in fully modernized elevators, a new HVAC system with full energy recommissioning, and an LED retrofit. The property is recognized as a "green" building, operating with high efficiency. A shared conference room is available for tenant use, and complimentary movie-style popcorn is offered in the lobby. The building's premier downtown location offers close proximity to the court houses and city offices. The property has a total size of 223000 square feet.
Key Highlights
- Premier downtown location near courthouses and city offices.
- Telecommunications hub with colocation opportunities in the building’s "meet‑me room."
- Secured garage parking and ample visitor parking.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,998
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Market
Lease Benchmarks for Albuquerque, NM
$20.02 /SF/Yr
Avg Asking Price
$14–$26 /SF/Yr
Price Range
95,084 SF
Avg Space Size
This space is priced 18% below the average of $20.02 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Premier downtown location with modern amenities and telecommunications infrastructure.
Where is this office building located?
The property is located at 505 Marquette Ave NW Albuquerque, NM.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Premier downtown location near courthouses and city offices.; Telecommunications hub with colocation opportunities in the building’s "meet‑me room."; Secured garage parking and ample visitor parking.
