Commercial Real Estate Market in Grants, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
44 active listings and 397 off-market properties in Grants, NM.
Market Trends
Grants, NM spans 902.0 square miles in Cibola County, New Mexico. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Grants, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Grants, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Grants, 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 vacancy in Grants, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.7%
- Industrial 34.7%
- Civic 10.6%
- Commercial 9%
Largest Zones share of zoned land by district
Residential
Light Manufacturing
Special Use
Mixed Residential
General Commercial
Grants, NM zones 9,375 acres across 12 districts. Commercial zoning covers 9% of zoned land, residential 45.7% and industrial 34.7%. The largest single district is Residential at 35%. For commercial buyers the practical constraint is that only 43.7% of land carries a commercial or industrial designation.
Residential (R-1)
R-1 Single-Family Residential. The Single Family District is intended to accommodate low-density and medium-density single-family residential development, and to provide land-use protection for areas that develop in such a manner. 3.1.4 R-T Townhouse Residential. The Townhouse Residential District is intended to accommodate medium density residential develop…
Market overview
Demographics & Economy
Grants, NM has 11,471 residents in 4,593 households. Density runs 13 people per square mile. Median household income here is $67,511 and median gross rent $741 a month.
11,471
Population
4,593
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
85%
High-School Grad
902 sq mi
ZIP Area
13
Density / Sq Mi
$67,511
Median Household Income
$39,100
Median Earnings
$741
Median Rent
$154,900
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Grants?
Commercial property in Grants, NM asks an average of $25 per square foot.
What zoning applies to commercial property in Grants?
Grants, NM zones 9,375 acres across 12 districts, of which 9% is commercial and 34.7% industrial. The largest single district is Residential at 35% of zoned land. R-1 Single-Family Residential. The Single Family District is intended to accommodate low-density and medium-density single-family residential development, and to provide land-use protection for areas that develop in such a manner. 3.1.4 R-T Townhouse Residential. The Townhouse Residential District is intended to accommodate medium density residential develop… Residential zoning covers 45.7% and open space 0%.
Where does Realmo's Grants market data come from?
Realmo compiles Grants, NM figures from 44 active sale listings, 397 tracked off-market properties, the current Grants zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 44 active for-sale and 0 active for-lease listings in Grants, 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: 9,375 zoned acres across 12 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
