Underwood Avenue Industrial

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Underwood Avenue

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,420
As of: May 27, 2017

Underwood Avenue Rates

On average, listings lease in the $10's per square foot per year. The Underwood Avenue region is going through a decline in rates. In the last 3 months, the median rate decreased $48 per sqft per year. That's a 75% decrease in rent.

Compared to the rest of the Omaha market, the Underwood Avenue region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Underwood Avenue Listing Supply

In the last 90 days, 11 listings have come on the market, which means leases might be 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 1,420 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area were built in 1950 and are Class A.

Underwood Avenue Community

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 market. Commute by public transit is the most popular way to get to work amongst Underwood Avenue residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Underwood Avenue.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Underwood Avenue.
Research