On average, listings lease in the $10's per square foot per year. The Millard submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 39% decrease in rent.
Compared to the rest of the Omaha market, the Millard submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 298 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the office spaces in the Millard 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,620 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 1995 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the folk of Millard work from home. 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 Millard.
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