Commercial Real Estate Market in Rio Rancho, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
908 active listings and 500 off-market properties in Rio Rancho, NM. Commercial property asks $32/SF to buy and $18.17/SF/Yr to lease.
Market Trends
Rio Rancho, NM spans 178.3 square miles in Sandoval County, New Mexico. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Rio Rancho, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Rio Rancho, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Rio Rancho, 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 Rio Rancho, 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
Market overview
Demographics & Economy
Rio Rancho, NM has 106,114 residents in 41,288 households. Density runs 595 people per square mile. Median household income here is $86,075 and median gross rent $1,507 a month.
106,114
Population
41,288
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
94%
High-School Grad
178.3 sq mi
ZIP Area
595
Density / Sq Mi
$86,075
Median Household Income
$45,478
Median Earnings
$1,507
Median Rent
$270,572
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Corrales | — | — |
| Albuquerque | — | $22.41 |
| Bernalillo | — | — |
Commercial property in Rio Rancho, NM asks $32/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rio Rancho?
Commercial property in Rio Rancho, NM asks an average of $32 per square foot. Multifamily carries the highest asking price at $172/SF.
How much does it cost to lease commercial space in Rio Rancho?
Asking lease rates in Rio Rancho, NM average $18.17 per square foot per year.
Where does Realmo's Rio Rancho market data come from?
Realmo compiles Rio Rancho, NM figures from 886 active sale listings, 22 active lease listings, 500 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 886 active for-sale and 22 active for-lease listings in Rio Rancho, 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.
- 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
