The typical asking rate per listing is in the $20's per square foot per year. The Elmwood Park region is seeing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 44% increase in rent.
Compared to the rest of the Omaha market, the Elmwood Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 22 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 9% of the listings in the Elmwood Park are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 12,520 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1973 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Elmwood Park folk. Commuting close to an hour 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 Elmwood Park.
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