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723 Silver Ave SW 7,751 - 15,502 SF of Office/Retail Space Available in Albuquerque, NM 87102
SPACE AVAILABILITY (2)
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- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,751 SF | Apr 2026 | $23.02 CAD/SF/YR $1.92 CAD/SF/MO $178,434 CAD/YR $14,870 CAD/MO | Plus Cleaning | ||
| 2nd Floor | 7,751 SF | May 2026 | $23.02 CAD/SF/YR $1.92 CAD/SF/MO $178,434 CAD/YR $14,870 CAD/MO | Plus Cleaning |
1st Floor
Positioned in the heart of Downtown Albuquerque, 723 Silver Ave SW presents a rare plug-and-play sublease opportunity ideal for tenants seeking a turnkey office solution. This ±15,502 SF space is fully furnished and ready for immediate occupancy, offering a seamless transition for businesses looking to establish or expand operations in a vibrant urban setting. The property features a well-balanced mix of collaborative areas, private offices, and amenity-rich spaces across three levels. The basement includes a large training room and kitchen, while the second floor boasts a balcony with patio furniture—perfect for informal meetings or employee breaks. Additional conveniences include on-site showers, a controlled entry security system, and a basement storage area. Tenants benefit from 18 on-site parking spaces and an additional 95 off-site spaces at no charge, a rare advantage in the downtown core. The location is surrounded by key civic institutions such as the US District Court, Bernalillo Metro Court, and City Hall, making it ideal for legal, government, or professional services. Walkable access to restaurants, cafes, and entertainment venues further enhances the tenant experience. With a master lease expiring April 30, 2026, this sublease offers flexibility and value in one of Albuquerque’s most connected and amenity-rich districts.
- Sublease space available from current tenant
- Listed lease rate plus proportional share of cleaning costs
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 20 - 63 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 15,502 SF of adjacent space
- Fully furnished plug-and-play office space
- 18 on-site and 95 off-site parking spaces included
- Second floor balcony with patio furniture
- Basement training room and kitchen for team use
- Controlled entry security system
- Surrounded by courts, city offices, and dining opt
2nd Floor
Positioned in the heart of Downtown Albuquerque, 723 Silver Ave SW presents a rare plug-and-play sublease opportunity ideal for tenants seeking a turnkey office solution. This ±15,502 SF space is fully furnished and ready for immediate occupancy, offering a seamless transition for businesses looking to establish or expand operations in a vibrant urban setting. The property features a well-balanced mix of collaborative areas, private offices, and amenity-rich spaces across three levels. The basement includes a large training room and kitchen, while the second floor boasts a balcony with patio furniture—perfect for informal meetings or employee breaks. Additional conveniences include on-site showers, a controlled entry security system, and a basement storage area. Tenants benefit from 18 on-site parking spaces and an additional 95 off-site spaces at no charge, a rare advantage in the downtown core. The location is surrounded by key civic institutions such as the US District Court, Bernalillo Metro Court, and City Hall, making it ideal for legal, government, or professional services. Walkable access to restaurants, cafes, and entertainment venues further enhances the tenant experience. With a master lease expiring April 30, 2026, this sublease offers flexibility and value in one of Albuquerque’s most connected and amenity-rich districts.
- Sublease space available from current tenant
- Listed lease rate plus proportional share of cleaning costs
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 20 - 63 People
- Can be combined with additional space(s) for up to 15,502 SF of adjacent space
- Fully furnished plug-and-play office space
- 18 on-site and 95 off-site parking spaces
- Second floor balcony with patio furniture
- Basement training room and kitchen for team use
- Controlled entry security system
- Surrounded by courts, city offices, and dining opt
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 15,502 SF | Gross Leasable Area | 15,960 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.38/1,000 SF |
| Total Space Available | 15,502 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 15,960 SF |
| Year Built | 1980 |
| Parking Ratio | 1.38/1,000 SF |
ABOUT THE PROPERTY
FF&E in place for immediate occupancy 18 on-site parking spaces & 95 off-site available at no charge to Tenant Second floor balcony with patio furniture Controlled entry security system Basement storage area with large training room & kitchen
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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723 Silver Ave SW
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