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Office Sector (Rank)
Vacancy rate
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Business capital district: 2.9 percent
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Greater Santa Fe: 6.1 percent
Rents/leases (per square foot)
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Business capital district: $28.28
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Greater Santa Fe: $22.20
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Class B: $21
Inventory
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Net office: 1.27 million square feet
Development
Approximate annual average
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Overall nonresidential construction: 350,000 square feet
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Office: 109,000 square feet
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Retail: 184,000 square feet
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Industrial: 35,000 square feet
Approximate approved commercial development in 2007: 300,000 square feet
↓ Approved housing units in 2007 (metropolitan area): 900
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Housing units in 2006: 1,086
Résumé
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Largest private employers: State of New Mexico, Santa Fe School District, U.S. government, city of Santa Fe, St. Vincent Regional Medical Center
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2nd-best U.S. city to visit in 2006 and 4th-best in '07 (Conde Nast Traveler)
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Filming site for "No Country for Old Men," 2008 Academy Award winner
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2nd-largest art-sales market in U.S.
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Added 3.5 million square feet of commercial space between 1997 and '07
Sources: City of Santa Fe Housing & Community Development Department, Grubb & Ellis, U.S. Census Bureau, U.S. Department of Labor
Melinda Young is an associate editor at Scotsman Guide. Reach her at (800) 297-6061 or
articles@scotsmanguide.com.
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