The typical asking rate per listing is in the $80's per square foot per year. The Old Market region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Omaha market, the Old Market submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 400 sqft. Most properties in this area are around 7 stories. Most buildings in this market were built in 1917 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of Old Market work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.