Headline on July 13, 2020 in GlobeSt.com, a national commercial real estate online newsletter: "Forget Big Cities as Firms, Investors Set Sights on Smaller Markets."
New Mexico is your ideal smaller market.
Albuquerque, Santa Fe, Taos and Las Cruces, cities aligned along the original Rio Grande trade route, offer extraordinary opportunities to commercial investment real estate investors. And the surge has begun. New Mexico industrial, office and multi-family costs per square foot, cap rates, internal rates of return -- indeed all the conventional financial investment metrics -- are attracting perceptive investors. Did I mention vacant land? Lots of it.
What else explains New Mexico's attraction? Call me at 505-220-0460. As a bonus I'll suggest some great fly-fishing areas.