The typical asking rate per listing is in the $20's per square foot per year. The Market West submarket is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Omaha market, the Market West region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 43% of the office spaces in the Market West are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 1920 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Market West folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Market West.
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