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Omaha

Omaha

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VACANCY

Apartment

The average Vacancy Rate was 5.6% in the Omaha metro

Vacancy in the Omaha metro drifted upward by 40 basis points.
The Omaha metro had the highest vacancy level since Q2 2021.
Vacancy is expected to finish 2024 at 5.6% in the Omaha metro.

Distribution / Warehousing

The average Vacancy Rate was 5.0% in the Omaha metro

Vacancy in the Omaha metro drifted upward by 10 basis points.
The Omaha metro had the highest vacancy level since Q2 2022.
Vacancy is expected to finish 2024 at 4.8% in the Omaha metro.

Office

The average Vacancy Rate was 15.1% in the Omaha metro

The Omaha metro had the lowest vacancy in the Midwest region, seventh lowest in the nation.
Vacancy in the Omaha metro increased by 70 basis points.
The Omaha metro had the highest vacancy level since year-end 2021.

Retail

The average Vacancy Rate was 9.6% in the Omaha metro

The Omaha metro had the lowest vacancy in the Midwest region, twenty-sixth lowest in the nation.
No vacancy change since Q1 2024 in the Omaha metro.
The Omaha metro had the lowest vacancy level since Q1 2019.

RENT

Apartment

The average Asking Rent was $1,153 in the Omaha metro

Rent in the Omaha metro was up 1.1% from Q1 2024.
Omaha metro had its fastest rent rate of increase in four quarters.
Rent is expected to finish 2024 at $1,166 in the Omaha metro.

Distribution / Warehousing

The average Asking Rent was $7.12 in the Omaha metro

Rent in the Omaha metro was up 0.3% from Q1 2024.
Rent has risen in every quarter since Q2 2020 in the Omaha metro.
Rent is expected to finish 2024 at $7.23 in the Omaha metro.

Office

The average Asking Rent was $19.72 in the Omaha metro

Rent in the Omaha metro was up 0.2% from Q1 2024.
Rent Has risen for eleven 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 $14.23 in the Omaha metro

Rent in the Omaha metro was up 0.2% from Q1 2024.
Rent is expected to finish 2024 at $14.31 in the Omaha metro.

Learn more about the Nebraska markets from one of our professionals

Learn more about the Nebraska markets from one of our professionals.