Insights
Nebraska
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 1 Nebraska MARKETToggle markets
VACANCY
Apartment
The average Vacancy Rate was 5.2% in the Omaha metro
- Vacancy in the Omaha metro drifted upward by 30 basis points.
- The Omaha metro had the highest vacancy level since Q2 2021.
- Vacancy is expected to finish 2024 at 5.1% in the Omaha metro.
Distribution / Warehousing
The average Vacancy Rate was 4.9% in the Omaha metro
- No vacancy change since year-end 2023 in the Omaha metro.
- The Omaha metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2024 at 4.6% in the Omaha metro.
Office
The average Vacancy Rate was 14.4% in the Omaha metro
- The Omaha metro had the lowest vacancy in the nation.
- No vacancy change since year-end 2023 in the Omaha metro.
- Vacancy is expected to finish 2024 at 15.3% in the Omaha metro.
Retail
The average Vacancy Rate was 9.5% 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 fell by 90 basis points.
- The Omaha metro had the lowest vacancy level since Q1 2019.
RENT
Apartment
The average Asking Rent was $1,140 in the Omaha metro
- Rent in the Omaha metro was down 0.4% from year-end 2023.
- Rent is expected to finish 2024 at $1,163 in the Omaha metro.
Distribution / Warehousing
The average Asking Rent was $7.10 in the Omaha metro
- Rent in the Omaha metro was up 0.4% from year-end 2023.
- Rent has risen in every quarter since Q2 2020 in the Omaha metro.
- Rent is expected to finish 2024 at $7.29 in the Omaha metro.
Office
The average Asking Rent was $19.69 in the Omaha metro
- Rent in the Omaha metro was up 0.5% from year-end 2023.
- Rent Has risen for ten consecutive quarters in the Omaha metro.
- Rent is expected to finish 2024 at $19.81 in the Omaha metro.
Retail
The average Asking Rent was $14.20 in the Omaha metro
- The Omaha metro remained flat rent since year-end 2023.
- Rent is expected to finish 2024 at $14.32 in the Omaha metro.