On average, listings lease in the $10's per square foot per year. The Old Millard East submarket is going through a a rise in rates. In the last 3 months, the median rate rose $14 per sqft per year.
Compared to the rest of the Omaha market, the Old Millard East submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 24 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the Old Millard East are subleases, so you will probably have to focus your search on direct office leases. 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 3,250 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1947 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the residents of Old Millard East work from home. Commuting between 30 and 45 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 Old Millard East.
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