Midtown Industrial

Midtown

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
8,100

Midtown Rates

On average, listings lease in the $20's per square foot per year. The Midtown submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.

Compared to the rest of the Omaha market, the Midtown region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Midtown Listing Supply

In the last 90 days, 37 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Midtown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 8,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1960 and are Class A.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Midtown folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Midtown.
Research