Santa Fe, NM
Commercial Real Estate Market Trends & Data

$324 Avg asking sale price
$22 Avg asking lease rate
9,224 SF Avg unit lease size
9,869 SF Avg building size for sale
6.52% Average cap rate

Santa Fe's Demographic Profile

Santa Fe has 41,593 households and a median income of $66,943, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 91,659
# Households 41,593
Median age 46
Median household income $66,943
Avg household size 2.0
Renter-occupied housing units 16,720
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Santa Fe, NM

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Santa Fe $275 6,633 SF 6.50%
Cedar Crest $314 3,584 SF 8.55%
Edgewood $211 5,000 SF 8.50%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Corrales $152 27,000 SF 9.12%
Rio Rancho $152 27,000 SF 9.12%
Nearby Retail Markets Avg Cost/SF Typical Size
Santa Fe $463 4,707 SF
Los Alamos $287 12,974 SF
Algodones $465 6,016 SF
Bernalillo $200 20,620 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Santa Fe $216 9,362 SF 6.37%
Espanola $156 8,984 SF 7.73%
Albuquerque $202 12,332 SF 11.00%

Commercial Properties For Sale in Santa Fe

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2074 Galisteo St

Santa Fe, NM 87505

  • 2,000 SF Office Building
  • $440,000
For Sale

JEN TOUGH Gallery

Santa Fe, NM 87508

  • 4,815 SF Specialty
  • $1,599,000
For Sale

Quality Inn & Suites

Santa Fe, NM 87507

  • 32,484 SF Hospitality
  • 9.00% Cap Rate
  • $6,500,000
For Sale

Motel 6 Santa Fe, NM

Santa Fe, NM 87507

  • 27,420 SF Hospitality
  • $6,000,000
For Sale

312 Read St

Santa Fe, NM 87501

  • 2,461 SF Retail Building
  • $1,600,000
For Sale

1226 Flagman Way

Santa Fe, NM 87505

  • 5,182 SF Office Building
  • $1,520,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Santa Fe pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Santa Fe $324 9,869 SF
Pojoaque $309 8,894 SF
White Rock $201 8,216 SF
Cerrillos $292 2,279 SF
Los Alamos $287 12,974 SF

Regional Demographic Comparison

This comparison places Santa Fe alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Santa Fe or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Santa Fe 91,659 41,593 46 $66,943 2 16,720 3%
Cerrillos 686 370 60 $33,703 2 92 -5%
Los Alamos 11,945 5,130 40 $117,696 2 1,677 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Santa Fe, NM and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Santa Fe

View All Commercial Real Estate For Sale in Santa Fe
Is Santa Fe a good market for a first-time commercial real estate investor?

Santa Fe offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Santa Fe?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Santa Fe. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Santa Fe?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Santa Fe. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Santa Fe compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Santa Fe. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Santa Fe acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Santa Fe, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports