Commercial Real Estate Market in Bernalillo, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
18 active listings and 182 off-market properties in Bernalillo, NM. Commercial property asks $41/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Bernalillo, NM spans 90.6 square miles in Sandoval County, New Mexico. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Bernalillo, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Bernalillo, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Bernalillo, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Bernalillo, NM asks $172/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 63.4%
- Commercial 14.6%
- Industrial 6.3%
Largest Zones share of zoned land by district
Rural Residential Zone
Single Family Residential Zone
Commercial Zone
Special Use Zone
Mixed Single Family Residential Zone
Bernalillo, NM zones 3,060 acres across 10 districts. Commercial zoning covers 14.6% of zoned land, residential 63.4% and industrial 6.3%. The largest single district is Rural Residential Zone at 31.7%. For commercial buyers the practical constraint is that only 20.9% of land carries a commercial or industrial designation.
Rural Residential Zone (R-R)
R-R Rural Residential Zone. The purpose of this zone district is to provide for large lot and low-density residential uses that are conducive to a rural atmosphere. Limited agricultural activities are allowed. A. Permissive uses: (1) One single-family dwelling unit per lot, including mobile homes not more than 30 years old. Within 30 days of occupancy, each…
Market overview
Demographics & Economy
Bernalillo, NM has 10,859 residents in 4,916 households. Density runs 120 people per square mile. Median household income here is $63,319 and median gross rent $1,066 a month.
10,859
Population
4,916
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
84%
High-School Grad
90.6 sq mi
ZIP Area
120
Density / Sq Mi
$63,319
Median Household Income
$36,402
Median Earnings
$1,066
Median Rent
$235,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Corrales | — | — |
| Rio Rancho | — | $18.17 |
Commercial property in Bernalillo, NM asks $41/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bernalillo?
Commercial property in Bernalillo, NM asks an average of $41 per square foot. Multifamily carries the highest asking price at $172/SF.
How much does it cost to lease commercial space in Bernalillo?
Asking lease rates in Bernalillo, NM average $18.00 per square foot per year.
What zoning applies to commercial property in Bernalillo?
Bernalillo, NM zones 3,060 acres across 10 districts, of which 14.6% is commercial and 6.3% industrial. The largest single district is Rural Residential Zone at 31.7% of zoned land. R-R Rural Residential Zone. The purpose of this zone district is to provide for large lot and low-density residential uses that are conducive to a rural atmosphere. Limited agricultural activities are allowed. A. Permissive uses: (1) One single-family dwelling unit per lot, including mobile homes not more than 30 years old. Within 30 days of occupancy, each… Residential zoning covers 63.4% and open space 0%.
Where does Realmo's Bernalillo market data come from?
Realmo compiles Bernalillo, NM figures from 12 active sale listings, 6 active lease listings, 182 tracked off-market properties, the current Bernalillo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 6 active for-lease listings in Bernalillo, NM. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,060 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
