Insights
Iowa
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 2 Iowa MARKETSToggle markets
VACANCY
Distribution / Warehousing
Average Vacancy Rate 7.2%
- Declined by 80 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $4.60
- Up 0.4% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at.
VACANCY
Apartment
The average Vacancy Rate was 4.7% in the Omaha metro
- Vacancy in the Omaha metro drifted downward by 10 basis points.
- The Omaha metro had the lowest vacancy level since Q3 2019.
- Vacancy is expected to finish 2023 at 5.0% in the Omaha metro.
Distribution / Warehousing
The average Vacancy Rate was 4.9% in the Omaha metro
- Vacancy in the Omaha metro drifted downward by 20 basis points.
- The Omaha metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2023 at 4.8% in the Omaha metro.
Office
The average Vacancy Rate was 13.6% in the Omaha metro
- The Omaha metro had the second lowest vacancy in the nation, behind only New York Metro.
- Vacancy in the Omaha metro declined by 60 basis points.
- The Omaha metro had the lowest vacancy level since year-end 2008.
Retail
The average Vacancy Rate was 9.9% in the Omaha metro
- The Omaha metro had the lowest vacancy in the Midwest region, third lowest in the nation.
- Vacancy in the Omaha metro drifted downward by 20 basis points.
- The Omaha metro had the lowest vacancy level since Q2 2019.
RENT
Apartment
The average Asking Rent was $1,180 in the Omaha metro
- The Omaha metro had the second fastest rent growth in the nation, behind only Providence.
- Rent is expected to finish 2023 at $1,206 in the Omaha metro.
Distribution / Warehousing
The average Asking Rent was $6.94 in the Omaha metro
- Rent in the Omaha metro was up 1.6% from Q1 2023.
- Rent has risen in every quarter for the past three years in the Omaha metro.
- Rent is expected to finish 2023 at $7.12 in the Omaha metro.
Office
The average Asking Rent was $19.35 in the Omaha metro
- Rent in the Omaha metro was up 0.2% from Q1 2023.
- Rent Has risen for seven consecutive quarters in the Omaha metro.
- Rent is expected to finish 2023 at $19.45 in the Omaha metro.
Retail
The average Asking Rent was $14.09 in the Omaha metro
- Rent in the Omaha metro was up 0.1% from Q1 2023.
- Rent is expected to finish 2023 at $14.16 in the Omaha metro.