Commercial Real Estate Market in Corrales, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
26 active listings and 56 off-market properties in Corrales, NM.
Market Trends
Corrales, NM spans 11.0 square miles in Sandoval County, New Mexico. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Corrales, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Corrales, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Corrales, 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 Corrales, 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 96.4%
- Agricultural 1.5%
- Commercial 1.5%
- Special 0.5%
Largest Zones share of zoned land by district
Agricultural And Rural Residential
Agricultural And Rural Residential
Municipal Public And Quasi Public
Neighborhood Commercial And Service
Historical Area
Corrales, NM zones 6,137 acres across 6 districts. Commercial zoning covers 1.5% of zoned land, residential 96.4%. The largest single district is Agricultural And Rural Residential at 89%. For commercial buyers the practical constraint is that only 1.5% of land carries a commercial or industrial designation.
Agricultural And Rural Residential (A-1)
The following regulations shall apply to the A-1 - Agricultural and rural residential zone: (a) Purpose and intent . The purpose of this zone is to maintain a rural and open space character of lands within the Village with low density residential and agricultural development. (b) Permissive uses . Any of the following permissive uses are allowed in the A-1 z…
Market overview
Demographics & Economy
Corrales, NM has 8,888 residents in 4,079 households. Density runs 809 people per square mile. Median household income here is $112,716 and median gross rent $1,184 a month.
8,888
Population
4,079
Households
2.2
Avg Household Size
58
Median Age
51%
College-Educated
96%
High-School Grad
11 sq mi
ZIP Area
809
Density / Sq Mi
$112,716
Median Household Income
$53,479
Median Earnings
$1,184
Median Rent
$552,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bernalillo | — | — |
| Rio Rancho | — | $18.17 |
| Albuquerque | — | $22.41 |
Commercial property in Corrales, NM asks $77/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Corrales?
Commercial property in Corrales, NM asks an average of $77 per square foot. Multifamily carries the highest asking price at $172/SF.
What zoning applies to commercial property in Corrales?
Corrales, NM zones 6,137 acres across 6 districts, of which 1.5% is commercial and 0% industrial. The largest single district is Agricultural And Rural Residential at 89% of zoned land. The following regulations shall apply to the A-1 - Agricultural and rural residential zone: (a) Purpose and intent . The purpose of this zone is to maintain a rural and open space character of lands within the Village with low density residential and agricultural development. (b) Permissive uses . Any of the following permissive uses are allowed in the A-1 z… Residential zoning covers 96.4% and open space 0%.
Where does Realmo's Corrales market data come from?
Realmo compiles Corrales, NM figures from 26 active sale listings, 56 tracked off-market properties, the current Corrales zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Corrales, 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: 6,137 zoned acres across 6 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
