The Albuquerque MSA, the economic and geographic center of New Mexico, is one of the fastest growing metropolitan areas in the United States. This growth is a result of a strong and diverse economic base that includes a growing manufacturing sector, an excellent university system, an extensive research and development community, and a healthy services sector. New Mexico is the nation's leader in value added by labor. New Mexico ranks 2 nd in the U.S. in University Research and Development spending per capita, and 3 rd in Science and Engineering doctoral staff per capita. The primary factor determining the long term success of a quality business park in conjunction with a planned residential community is growth in the underlying economy of the market area that the community draws from.
Job growth translates into income, population, and household growth.
The Albuquerque MSA is defined as Bernalillo, Sandoval, and Valencia counties. Bernalillo County is home to the City of Albuquerque, the City of Rio Rancho is located in Sandoval County, and the Village of Los Lunas is located in northern Valencia County. Where relevant, we analyzed the internal shifts occurring within the MSA, particularly as they relate to growth in the area of Los Lunas.