On average, listings lease in the $20's per square foot per year. The Downtown Omaha region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Omaha market, the Downtown Omaha region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Downtown Omaha are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 13,810 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this market were built in 1924 and are Class A.
Health care is the dominant industry in this market. Most of the occupants of Downtown Omaha work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.