1. Director of Brokerage Services
Rio Ranch Retail Market
Commercial Real Estate & Retail Leakage
This is ABQ Uptown, the metro area’s first outdoor lifestyle center.
It’s been an outstanding success and has exceeded the retailers’ expectations in sales per square foot generated.
My wife is a great help!
August 19, 2010
Ken L. Schaefer
Director of Brokerage Services

2. Retail Leakage Methodology
Calculate NM Per Capita Retail Spending
Total NM Gross Receipts / NM Pop.
Calculate Rio Rancho’s Per Capita Retail Spending
Total RR Gross Receipts / RR Pop.
If Rio Rancho is Less than NM
Leakage Exists

3. Retail Per Capita Spending Comparison
State of NM $13,353
$7,795
$9,597
$16,141

4. Retail Submarket Overview
2009 Population***
Retail SF**
Retail Space per Capita (SF)
Northeast Heights
91,972
4,257,339 46
Cottonwood
15,420
4,070,851
264
Far Northeast Heights
109,141
3,887,636 36
North I-25
23,074
3,200,883
139
Southeast Heights
58,790
2,757,869 47
West Mesa
105,293
2,087,767 20
Uptown
6,247
1,952,699
313
Rio Rancho*
88,293
1,790,271
University
34,295
1,018,295 30
South Valley
110,913
1,017,346 9
North Valley
42,590
968,540 23
Downtown
21,728
552,038 25
Total
707,756
27,561,534 39
The retail market has the most property types.
Neighborhood & Community centers are anchored by grocery stores.
Free-standing centers have increased their share with the incredible growth of Super Wal-Marts and Walgreens on almost every corner.
U.S.: 40
*Rio Rancho Comprises 6.5% of Total Market
**Grubb & Ellis Research / 10,000+SF
***Source ESRI/Claritas 2009 Estimates

5. Historical Rio Rancho Retail Leakage

6. Strategies to Minimize the “Leakage”
Identify & Target Missing Retail Categories
eg. Consumer Electronics
Increase Awareness of GRIP to Commercial Real Estate Agents
Feed the City Centre Retail Hunger
Impact Fee Waivers
Increase Awareness of “Retail Leakage” to Rio Ranchoans
PR Campaign

7. Thank You!
Ken L. Schaefer