On average, listings lease in the $20's per square foot per year. The Old Market submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Omaha market, the Old Market region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 125,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 7 floors. 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.