The typical asking rate per listing is in the $20's per square foot per year. The Elmwood Park submarket is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Omaha market, the Elmwood Park region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 970 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region 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 market. Commute by car is the most popular way to get to work amongst Elmwood Park residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.