The typical asking rate per listing is in the $20's per square foot per year. The Paddock Road submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Omaha market, the Paddock Road submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the office spaces in the Paddock Road 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this region were built in 1988.
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 market. Commute by bike is the most popular way to get to work amongst Paddock Road folk. Commuting approximately 20 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 Paddock Road.
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